Carefree Footware Inc. reported $261,400 net income in 2001 and declared preferred divi- dends of $43,000. The following changes in common shares outstanding occurred during the year: Jan. 1 60,000 common shares were outstanding. June 30 Sold 20,000 common shares. Sept. 1 Declared and issued a 20% common share dividend. Calculate the weighted-average number of common shares outstanding during the year and earnings per share.