Saved Help Save & Exit 07 Horticultural Products Inc. reported $1,113,998 profit in 2020 and declared preferred dividends of $64,100. The following changes in common shares outstanding occurred during the year. Jan. 1 96,000 common shares were outstanding. Mar. 1 Declared and issued a 30% common share dividend. Aug. 1 Sold 20,000 common shares. Nov. 1 Sold 40,000 common shares. Calculate the weighted average number of common shares outstanding during the year and earnings per share. (Round the "Earnings per share" answer to 2 decimal places.) 55:51 Weighted-average outstanding shares Earnings per share