On December 31, 2020. Pharoah Corporation had 4,600, $2 preferred shares and 73,600 common shares issued. During 2021, the company completed the following share transactions: Apr. Sold 9.200 common shares for $4,600 cash Sept. Reacquired 4.500 common shares for $1,600 cash. 1 30 Pharoah's profitin 2021 was $478,000. Calculate the weighted average number of common shares for 2021 Weighted average number of shares 79375 Calculate earnings per share under each of the following independent assumptions: 1 Preferred shares are cumulative and dividends were to declared (1not declared Preferred shares arenoncumulative and dividends were declared (8) not declared 2 (Round answers to 2 decimal places, eg. 5276) 1 Earnings per share $ Earnings per share $ Earnings per share 5 Earnings per share