Micky and Donald Corp $\$ 45,000$ In Dividends on the Cumulative Preferred Shares

Micky and Donald Corp.was founded on January I,2013.At that time it issued 120,000 ordinary shares and 20,000,$30,cumulative 5% preferred shares.Subsequent transactions affecting its shareholdings follow.
2013
- September 1: Micky issued 300,000, $30, non-cummulative 6% preferred shares
- December 1: Micky issued 80,000 ordinary shares.
- Dividends were not declared in 2013 . 2014
- February l: Micky is5ued 30,000 ordinary shares.
- June 1: Micky repurchased 50,000 shares and held them as treasury shares.
- July 1: Micky declared and paid $\$ 45,000$ in dividends on the cumulative preferred shares, $\$ 270,000$ on the non-cumulative preferred shares, and $\$ 180,000$ on the ordinary shares.
- September l: Micky reissued (sold) the 50,000 shares held in treasury.
- October 1: Micky declared and issued a 3-for-1 stock split on the ordinary shares.
- December 1: Micky declared and paid $\$ 15,000$ in dividends on the cumulative preferred shares $\$ 270,000$ on the non-cumulative preferred shares, and $\$ 180,000$ on the ordinary shares.
- Micky's net income for the year ended December 31, 2014 was $\$ 2,000,000$ . Its tax rate was 30%. Requirements:
a.What was Micky's weighted average number of ordinary shares outstanding in 2014?
b.What was Micky's basic BPS in 2014?

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