On December 31, 2020, Sunland Corporation had 3,900, $2 preferred shares and 62,400 common shares issued. During 2021, the company completed the following share transactions:

Apr.		1		Sold 7,800 common shares for $3,900 cash.
Sept.		30		Reacquired 4,000 common shares for $1,400 cash.

Sunlands profit in 2021 was $406,000.

Calculate the weighted average number of common shares for 2021.

Weighted average number of shares

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Calculate earnings per share under each of the following independent assumptions:

1.		Preferred shares are cumulative and dividends were (i) declared. (ii) not declared.
2.		Preferred shares are noncumulative and dividends were (i) declared. (ii) not declared.

(Round answers to 2 decimal places, e.g. 52.76.)

1.		(i) Earnings per share		$
		(ii) Earnings per share		$
2.		(i) Earnings per share		$
		(ii) Earnings per share		$