The following information was obtained from Rando Corporation records on December 31, 2019.

Preferred Shares, $3 cumulative*, 25,000 shares authorized and outstanding	$450,000
Common Shares, unlimited authorization, 180,000 shares outstanding	$500,000
Retained Earnings	$760,000

*no dividends have been declared in 2019 and 2020

Assume the following share transactions occurred in 2020:

Apr 1	Issued 120,000 common shares at $13.00 per share.
Oct 1	Repurchased and cancelled 60,000 common shares at $15.00 per share.

) Calculate the weighted average of common shares for year ended December 31, 2020.

b) Calculate the earning per share for year ended December 31, 2020. Assume profit for 2020 was $450,000.