Varinder Horticultural Products Inc. reported $326,600 profit in 2019. On December 24' 2019 Varinder Inc. declared a dividend on the 65,000, 52 cumulative preferred shares outstanding. The following changes in common shares outstanding occurred during the year. 300,000 common shares were outstanding. Issued 55,000 common shares Declared and issued a 20% common share dividend. Purchased and retired 80,000 common shares Calculate the weightedaverage number of common shares outstanding during the year and earnings per share. Round calculations to two decimal places