Flint AG is preparing the comparative financial statements to be included in the annual report...

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Accounting

Flint AG is preparing the comparative financial statements to be included in the annual report to shareholders. Flint employs a fiscal year ending May 31.
Income before income tax for Flint was 1,539,000 and 725,000, respectively, for fiscal years ended May 31,2023 and 2022. Flint experienced a loss from discontinued operations of 418,000 in March 2023. A 40% combined income tax rate pertains to any and all of Flint AG profits, gains, and losses.
Flint's capital structure consists of preference shares and ordinary shares. The company has not issued any convertible securities or warrants, and there are no outstanding share options.
Flint issued 39,200 shares of 100 par value, 6% cumulative preference shares in 2019. All of these shares are outstanding, and no preference dividends are in arrears.
There were 1,065,600 shares of 1 par ordinary shares outstanding on June 1,2021. On September 1,2022, Flint sold an additional 403,200 ordinary shares at 17 per share. Flint distributed a 20% share dividend on the ordinary shares outstanding on December 1,2022. These were the only ordinary share transactions during the past 2 fiscal years.
Determine the weighted-average ordinary shares that would be used in computing earnings per share on the current comparative income statement for:
Weighted-average ordinary shares
(1) The year ended May 31,2022.
(2) The year ended May 31,2023.
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