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On December 31,2023 , Wildhorse Corporation had 6,350, $2 preferred shares and 73,600 common shares issued. During 2024, the company completed the following share transactions:

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On December 31,2023 , Wildhorse Corporation had 6,350, $2 preferred shares and 73,600 common shares issued. During 2024, the company completed the following share transactions: Wildhorse's profit in 2024 was $495,300. Calculate the weighted average number of common shares for 2024. Weighted average number of shares 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. 5.76.) 1. (i) Earnings per share $ (ii) Earnings per share $ 2. (i) Earnings per share $ (ii) Earnings per share $

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