Horticultural Products Inc. reported $$889,800$ profit in $2023$ and declared preferred dividends of $$79,800.$ The following changes in common shares outstanding occurred during the year.Jan. $160,000$ common shares were outstanding.Mar. $1$ Declared and issueda $30\%$ common share dividend.Aug. $1$ 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 sharesEarnings per shareMcGrawHillPrev$7$ of $10$