Horticultural Products Inc. reported $822,044 profit in 2020 and declared preferred dividends of $73,100. The following changes in common shares outstanding occurred during the year. Jan. 166,000 common shares were outstanding. Mar. 1 Declared and issued a 308 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.)