Micky and Donald Corp. was founded on January 1, 2021. At that time it issued 120,000 ordinary shares and 20,000, $30, cumulative 5% preferred shares. Subsequent transactions affecting its shareholdings follow. 
Required:
a. What was Micky's weighted average number of ordinary shares outstanding in 2022?
b. What was Micky's basic EPS in 2022?
Definitions:
Indirectly
In a manner that is not straightforward or direct; happening through secondary or alternative means or effects.
Duties
Responsibilities or obligations that an individual, company, or government has under the law or contract.
Agency Agreement
A contract where one party (the agent) agrees to act on behalf of another (the principal) in business transactions.
Operation Of Law
An operation of law is a legal change that occurs automatically due to existing legal rules, rather than actions taken by the parties themselves.
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