Horticultural Products Inc. reported $928,470 profit in 2020 and declared preferred dividends of $74,600. The following changes in common shares outstanding occurred during the year. Jan. 1 75,000 common shares were outstanding. Mar. 1 Declared and issued a 14% common share dividend. Aug. 1 Sold 30,000 common shares. Nov. 1 Sold 30,000 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 shares Earnings per share