Liberty Ventures Inc. reported $749,580 profit in 2023 and declared preferred dividends of $21,100. The following changes in commo shares outstanding occurred during the year: Jan. 1240,000 common shares were outstanding. June 30 Sold 40,000 common shares. Sept. 1 Declared and issued a 20% common share dividend. Nov. 2 Sold 12,000 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.)