Exercise $13-12$ Weighted$-$average shares outstanding and earnings per share LO$3$

Horticultural Products Inc. reported $$1,022,740$ profit in $2023$ and declared preferred dividends of $$63,100.$ The following changes in common shares outstanding occurred during the year.

Jan. $190,000$ common shares were outstanding.

Mar. $1$ Declared and issued a $30\%$ common share dividend.

Aug. $1$ Sold $20,000$ common shares.

Nov. $1$ Sold $40,00$ common sh$$res$.$

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.$)$

Weighted$-$average outstanding shares

Earrings per share