Fafard Horticultural Products Inc. reported $889,800 net income in 2014

Fafard Horticultural Products Inc. reported $889,800 net income in 2014 and declared preferred dividends of $79,800. The following changes in common shares outstanding occurred during the year.

Fafard Horticultural Products Inc. reported $889,800 net income in 2014

Calculate the weighted-average number of common shares outstanding during the year and earnings per share. Round calculations to two decimal places.
Analysis Component: What is the effect of a share dividend on earnings pershare?

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