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Horticultural Products Inc. reported $928,470 profit in 2023 and declared preferred dividends of $74,600. The...

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Accounting

Horticultural Products Inc. reported $928,470 profit in 2023 and declared preferred dividends of $74,600. The following changes in common shares outstanding occurred during the year.
Jan. 175,000 common shares were outstanding.
Mar. 1 Declared and issued a 14% common share dividend.
Aug. 1 Sold 30,000 common shares.
Nov. 1 Sold 30,000 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.)
\table[[Weighted-average outstanding shares],[Earnings per share]]
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