Horticultural Products Inc. reported $889,800 profit in 2017 and declared preferred dividends of $79,800. The following changes in common shares outstanding occurred during the year. Jan. 1 60,000 common shares were outstanding. Mar. Declared and issued a 30% common share dividend. Aug. 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 calculations to two decimal places.