E16.16 (LO 4) (Weighted-Average Ordinary Shares) Portillo SA uses a calendar year for financial reporting. The company is authorized to issue 9,000,000 R$10 par ordinary shares. At no time has Portillo issued any potentially dilutive securities. Listed below is a summary of Portillo's ordinary share activities. 1. Number of ordinary shares issued and outstanding at December 31, 2021 2,400,000 2. Shares issued as a result of a 10% share dividend on September 30, 2022 240,000 3. Shares issued for cash on March 31, 2023 2,000,000 Number of ordinary shares issued and outstanding at December 31, 2023 4,640,000 4. A 2-for-1 share split of Portillo's ordinary shares took place on March 31, 2024 Instructions a. Compute the weighted-average ordinary shares used in computing earnings per ordinary share for 2022 on the 2023 comparative income statement. b. Compute the weighted-average ordinary shares used in computing earnings per ordinary share for 2023 on the 2023 comparative income statement. c. Compute the weighted-average ordinary shares to be used in computing earnings per ordinary share for 2023 on the 2024 comparative income statement. d. Compute the weighted-average ordinary shares to be used in computing earnings per ordinary share for 2024 on the 2024 comparative income statement.

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