CHECK FIGURE: Weighted-average outstanding shares 86,000 Liberty Ventures Inc. reported $209,840 profit in 2017 and declared preferred dividends of $34, 400. The following changes in common shares outstanding occurred during the year 1 60,000 common shares were outstanding. Jan. June 30 soid 20,000 common shnares. Sept. 1 Deciared and issued a 20% common share dividend. 2 Sold 12,000 common shares. Click here for a description of List: Exercise 13-10. Nov. Calculate the weighted-average number of common shares outstanding during the year and earnings per share. (Round EPS calculations to two decimal places.)