Duffy Dog Corporation started the year ended November 30, 2021, with 197,000 common shares and no preferred shares issued. The following changes in share capital occurred during the year:

Feb.	28		Issued 46,320 common shares for $852,000.
Sept.	4		Issued 61,200 $1 cumulative preferred shares for $15.3 million.
Nov.	1		Issued 19,200 common shares in exchange for land. The shares were trading for $19 on this date and the fair value of the land was $351,000.
	30		Reported net income of $1,058,300.
	30		Declared the quarterly cash dividend to the preferred shareholders of record on December 14, payable on December 31.

Calculate the weighted average number of common shares for the year.

Weighted average number of common shares

Calculate basic earnings per share