Exercise 13-11 Weighted average shares outstanding and earnings per share LO3 Horticultural Products Inc. reported $545,863 profit in 2020 and declared preferred dividends of $47.200. The following changes in common shares outstanding occurred during the year . Jan. 1 39,000 common shares were outstanding. Har. 1 Declared and issued a 30% common share dividend, Aus. 1 Sold 20,000 common shares. Nov. 1 Sold 40.000 common shares. Calculate the weighted average number of common shares outstanding during the year and earnings per share. (Round the "Earnings per share" answer to 2 decimal places.) Weighted average outstanding shares Earnings per share