Liberty Ventures Inc. reported $274,920 profit in 2020 and declared preferred dividends of $16,900. The following changes in common shares outstanding occurred during the year: Jan. 1 June 30 Sept. 1 Nov. 2 100,000 common shares were outstanding. Sold 20,000 common shares. Declared and issued a 20% common share dividend. Sold 6,000 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