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Horticultural Products Inc. reported $545,863 profit in 2020 and declared preferred dividends of $47,200. The...

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Accounting

Horticultural Products Inc. reported $545,863 profit in 2020 and declared preferred dividends of $47,200. The following changes in common shares outstanding occurred during the year.

Jan. 1 39,000 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.

Find the Weighted-Average Share of outstanding shares, and the earnings-per-share.

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