On January 1,2023, Sandhill Ltd, had 600,000 common shares outstanding. During 2023, it had the following transactions that affected the common share account: Feb. 1 Issued 180,000 shares Mar: 1 Issued a 10% stock dividend May 1 Acquired 201,000 common shares and retired them June 1 issued a 3 for-1 stocksplit Oct. 1 Issued 60.000 shares The company's year end is December 31. (a) Your answer is correct. Determine the weighted average number of shares outstanding as at December 31, 2023, (Round answer to 0 decimal places, es. 5.275.) Weighted average number of shares outstanding shares Assume that Sandhill earned net income of $4,916,250 during 2023 . In addition, it had 120,000 of 8%,$100 par, non-convertible. non-cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2023. Calculate earnings per share for 2023, using the weighted average number of shares determined above. (Round answer to 2 decimal places, es. 15.25.) Earnings per share $