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Part 1

CircuitCircuit

Inc. has

$375 comma 000375,000

of income in

20232023.

During that same time, it declared preferred dividends in the amount of

$21 comma 00021,000.

The following activities affecting common shares occurred during the year:

January 1	125 comma 000125,000 common shares were outstanding
August 1	Sold 35 comma 00035,000 common shares
September 1	Issued a 1515 percent common share dividend

1. Calculate the weighted average number of common shares outstanding during the year.

2. Calculate earnings per share.

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Part 1

1. Calculate the weighted average number of common shares outstanding during the year. (Round final answers to the nearest whole number.)

Transaction	Weighted average number of common shares outstanding
January 1
August 1
September 1
Total