3 4 Leaf Products Inc. reported $1,075,019 profit in 2020 and declared preferred dividends of $75,100 5 The following changes in common shares outstanding occurred during the year. 6 7 Jan. 1 75,000 common shares were outstanding 8 Mar. 1 Declared and issued a 30% common share dividend 9 Aug. 1 Sold 90,000 common shares 10 Nov. 1 Sold 30,000 common shares 71 12 Required 13 Calculate the weighted average number of common shares outstanding during the year 14 and earnings per share. Round calculations to two decimal places. (8 marks) 15 16 07 8 9 2