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Determine the weighted$-$average number of shares outstanding as of December $31,2021.$

The weighted$-$average number of shares outstanding

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$($b$)$

Assume that Bramble Corp. earned net income of $$3,582,000$ during $2021.$ In addition, it had $100,000$ shares of $9\%,$$$100$ par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in $2021.$ Compute earnings per share for $2021,$ using the weighted$-$average number of shares determined in part $($a$).($Round answer to $2$ decimal places, e$.$g$.$ $$2\mathrm{.}55.)$

Earnings Per Share