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Thumper Horticultural Products Inc. reported $1,236,500 profit in 2019. On December 24 2019 Thumper Inc. declared a dividend on the 130,000, $4 cumulative preferred shares

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Thumper Horticultural Products Inc. reported $1,236,500 profit in 2019. On December 24 2019 Thumper Inc. declared a dividend on the 130,000, $4 cumulative preferred shares outstanding. The following changes in common shares outstanding occurred during the year. Jan May Aug. Oct. Nov. 1 525,000 common shares were outstanding. 1 Issued 75,000 common shares 30 Declared and issued a 25% common share dividend. 1 Purchased and retired 200,000 common shares 15 Declared a 3:1 stock split to the shareholders of record on Dec 1, distributable Dec 15. Calculate the weighted average number of common shares outstanding during the year and earnings per share. Round calculations to two decimal places

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