CHAPTER 13 Corporate Reporting: Profit. Earning Porate Reporting: Pront Earnings Per Share, and Retained ad earnings per share LO3 pds of $74 . ercise 13.11 Welahted average shares outstanding and CHECK FIGURE: Weighted average outstanding shares - 103, Horticultural Products Inc. reported $928,470 profit in 2020 and declared preferred dividend. ving changes in common shares outstanding occurred during the year. following changes in com Jan Mar Aug Now 1 1 75.000 common shares were outstanding Declared and issued a 14 common share dividend Sold 30.000 common shares Sold 30.000 common shares. he year and earnings Calculate the weighted average number of common shares outstanding during the ves share. Round calculations to two decimal places. Analysis Component: What is the effect of a share dividend on earnings per share? y . Exercise 13-12 Welahted average shares outstanding and earnings per share LO3 - 902 000