has $355000 of income in 2023. During that same time, it declared preferred dividends in the amount of $13000. The following activities affecting common shares occurred during the year: January 1 135000 common shares were outstanding August 1 Sold 51 common shares September 1 Issued a 15 percent common share dividend 1. Calculate the weighted average number of common shares outstanding during the year. 2. Calculate earnings per share. Question content area bottom Part 1 1. Calculate the weighted average number of common shares outstanding during the year. (Round final answers to the nearest whole number.) Transaction Weighted average number of common shares outstanding January 1 August 1 September 1 Total