Liberty Ventures Inc. reported $209,840 profit in 2020 and declared preferred dividends of $34,400. The following changes in common shares outstanding occurred during the year:

Calculate the weighted-average number of common shares outstanding during the year and earnings per share. (Round EPS calculations to two decimal places.)

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60,000 common shares were outstanding. Sold 20,000 common shares. Declared and issued a 20% common share dividend. 2 Jan. June 30 Sept. Sold 12,000 common shares. Nov.