Liberty Ventures Inc. reported $383,720 profit in 2020 and declared preferred dividends of $18,100. The following changes in common shares outstanding occurred during the year Jan. 1 140,000 common shares were outstanding. June 30 Sold 20,000 common shares. Sept. 1 Declared and issued a 20% common share dividend. Nov. 2 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