Martinez Company had 210,000 shares of common stock outstanding on December 31, 2018. During the year 2019, the company issued 8,000 shares on May 1 and retired 14,000 shares on October 31. For the year 2019, Martinez Company reported net income of $271,100 after a loss from discontinued operations of $41,000 (net of tax). What earnings per share data should be reported at the bottom of its income statement? Solution Weighted average shares outstanding = 210000+(8000/12*8)-(14000/12*2)= 213000 Earnings per share = Net income/Weighted average shares outstanding = 271100/213000= 1.27.