I have started teaching myself basic business stuff and have a question regarding calculating earnings per share.

Q:
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[bunch of numbers for revenue, expenses...]

At the beginning of year: 80,000 shares outstanding.<br>In June, 20,000 shares sold for $8/share.

What is the EPS?
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I understand EPS = net income / time average of total shares outstanding.

However I have two questions:
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1. Is the money from the shares sold added to net income?
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2. Is the total number of shares after the sale of shares 100,000?