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Sunland Corporation, a publicly traded company, is preparing the comparative financial statements to be included in the annual report to shareholders. Sunland's fiscal year ends May $31.$ The following information is available.

Income from operations before income tax for Sunland was $$1,400,000$ and $$1,800,000,$ respectively, for the fiscal years ended May $31,2024$ and $2023.$

Sunland experienced a loss from discontinued operations of $$600,000$ from a business segment disposed of on March $3,2024.$

A $20\%$ combined income tax rate applies to all of Sunland's profits, gains, and losses.

Sunland's capital structure consists of preferred shares and common shares. The company has not issued any convertible securities or warrants and there are no outstanding stock options.

Sunland issued $149,000$$$10$ par value, $5\%$ cumulative preferred shares in $2016.$ All of these shares are outstanding, and no preferred dividends are in arrears.

There were $1\mathrm{.}30$ million common shares outstanding on June $1,2022.$ On September $1,2022,$ Sunland sold an additional $400,000$ common shares at $$20$ per share. Sunland distributed a $20\%$ stock dividend on the common shares outstanding on December $1,2023.$

These were the only common share transactions during the past two fiscal years.

A$.$ Determine the weighted average number of common shares that would be used in calculating earnings per share for the year ended May $31,2024$ and $2023.($Hint don't forget preferred shares were entitled for dividends as they were cummulative$)$

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