Manto Realty Ltd. is a land developer with a calendar year end. When Manto needs capital to buy land, it often issues common shares, and once cash is obtained on large land sales, shares are often repurchased. Profit for the year ended December 31, 2021 was $870,000. Mantos board of directors declared and paid the annual dividend to its preferred shareholders. Manto Realty Ltd. reported the following information related to its shareholders equity on January 1, 2021.

$2-cumulative preferred shares, unlimited number of shares authorized, 100,000 shares issued		$4,400,000
Common shares, unlimited number of shares authorized, 550,000 shares issued		3,322,000
Contributed surplusreacquisition of common shares		21,000
Retained earnings		5,254,000

Common share issuances and reacquisitions were as follows for 2021.

Feb. 1		Issued 19,200 shares
May 31		Reacquired 14,400 shares
July 31		Issued 31,200 shares
Nov. 1		Issued 7,200 shares
Dec. 1		Reacquired 21,600 shares

Calculate the weighted average number of common shares for 2021. (Round each calculation to the nearest whole share.)

Weighted average number of common shares

Calculate the earnings per share for Manto Realty Ltd. (Round answer to 2 decimal places, e.g. 52.76.)

Earnings per share ratio

$

Assume instead that the preferred shares are noncumulative and that there were no dividends paid during the year. Calculate the earnings per share for Manto Realty Ltd. (Round answer to 2 decimal places, e.g. 52.76.)

Earnings per share

$