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  3. liberty ventures inc. reported $431,376 profit in

Liberty Ventures Inc. reported $431,376 profit in 2023 and declared preferred dividends of $18,400. The...

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Accounting

Liberty Ventures Inc. reported $431,376 profit in 2023 and declared preferred dividends of $18,400. The following changes in common shares outstanding occurred during the year:
Jan. 1150,000 common shares were outstanding.
June 30 Sold 40,0 common shares.
Sept. 1 Declared and issued a 14% common share dividend.
Nov. 2 Sold 6,000 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.)
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