Question 4 - (10 marks) XYZ Corporation Inc. reported $2,075,049 profit in 2020 and declared preferred dividends of $275,100. The following changes in common shares outstanding occurred during the year. January 1 78,000 common shares were outstanding March 1 Sold 50,000 common shares August 1 Board of Directors declared a 4:1 share split effective this date November 1 - Sold 10,000 common shares Calculate the weighted-average number of common shares outstanding during the year and the earnings per share. Round calculations to two (2) decimal places