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 $950,000. 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, 130,000 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 21,600 shares May 31 Reacquired 16,800 shares July 31 Issued 34,800 shares Nov. 1 Issued 8,400 shares Dec. 1 Reacquired 26,400 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 $