Horticultural Products Inc. reported $1,144,752 profit in 2020 and declared preferred dividends of $64,600. The following changes in common shares outstanding occurred during the year. Jan. 1 99,000 common shares were outstanding. Mar. 1 Declared and issued a 14% common share dividend. Aug. 1 Sold 40,000 common shares. Nov. 1 Sold 20,000 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.)