PDC Corporation reported $$255,830$ net income for $2006$ and declared preferred dividends of $$25,000.$ The following changes in common shares outstanding occurred during the year:

$\backslash$table$[[$Jan$,1,10,000$ common shares were outstanding$],[$Mar$,31,$Sold $4,000$ shares$],[$June$,1,$Purchased and retired $1,000$ shares$],[$Aug$,31,$Sold $3,500$ shares$],[$Dec$,1,$Declared and issued a two$-$for$-$one share split$]]$

Required

Calculate the weighted$-$average number of common shares outstanding during the year and the earnings per share.