Accounting 2

Explain me briefly with full steps please

Exercise 13-10 Weighted average shares outstanding and earnings per share 103 Xcel CHECK FIGURE: Weighted average outstanding shores 86,000 Liberty Ventures Inc. reported $209,840 profit in 2020 and declared preferred dividends of $34,400. The following changes in common shares outstanding occurred during the year Jan 160.000 common shares were outstanding, June 30 Sold 20,000 common shares. Sept. 1 Declared and issued a 20% common share dividend Nov. 2 Sold 12,000 common shares. Calculate the weighted average number of common shares outstanding during the year and earnings per share. (Round EPS calculations to two decimal places.)