Exercise 13-11 Weighted-average shares outstanding and earnings per share LO3 10 Horticultural Products Inc. reported $822,044 profit in 2020 and declared preferred dividends of $73,100. The following changes in points common shares outstanding occurred during the year. Jan. 1 66,000 common shares were outstanding. eBook Mar . 1 Declared and issued a 30% common share dividend. Aug. 1 Sold 20,000 common shares . Print Nov. 1 Sold 40,000 common shares. References 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