Pronghorn Corporation is preparing the comparative financial statements for the annual report to its shareholders for fiscal years ended May 31, 2020, and May 31,2021. The income from operations for the fiscal year ended May 31,2020 , was $1,788,000 and income from operations for the fiscal year ended May 31, 2021, was $2,381,000. In both years, the company incurred a 11% interes expense on $2,497,000 of debt, an obligation that requires interest-only payments for 5 years. The company experienced a loss from discontinued operations of $611,000 on February 2021. The company uses a 20% effective tax rate for income taxes. The capital structure of Pronghom Corporation on June 1, 2019, consisted of 978,000 shares of common stock outstanding and 19,700 shares of $50 par value, 6%, cumulative preferred stock There were no preferred dividends in arrears, and the cormpany had not issued any convertible securities, options, or warrants. On October 1, 2019. Pronghorn sold an additional 477,000 shares of the common stock at $20 per share. Pronghorn distributed a 20% stock dividend on the common shares outstanding on January 1.2020. On December 1, 2020, Pronghorn was able to sell an additional 796,000 shares of the common stockat $22 per share. These were the only common stock transactions that occurred during the two fiscal years. Identify whether the capital structure at Pronghorn Corporation is a simple or complex capital structure. Determine the weighted average number of shares that Prongharn Corporation would us the fiscalyear ended: eTextbook and Medis: Vouranmoris piatulyiariect stion 3 of 4 For Fiscal Years Ended May 31, 2020 and 2021 \( \frac{2020}{\$ \longdiv { 1 7 8 8 0 0 0 }} \) \( \frac{2021}{\$ \longdiv { 2 3 8 1 0 0 0 }} \) Income Before Taxes Income Taxes ∼ \( \frac{41266 \text { i }}{\hline 1685064} \) Income From Continuing Operations v Loss From Discontinued Operations > Earnings per share: Income From Continuing Operations v \$ Loss From Discontinued Operations $ Net income/ (Loss) eTextbook and Media