Pet Boutique Corp. reported $2,952,010 of profit for 2023. On November 2, 2023, it declared and paid the annual preferred dividends of $203,000. On January 1, 2023, Pet a Boutique had 104,000 and 520,000 outstanding preferred and common shares, respectively. The following transactions changed the number of shares outstanding during the year:

Feb. 1 Declared and issued a 20% common share dividend.
Apr. 30 Sold 159,000 common shares for cash.
May 1 Sold 50,000 preferred shares for cash.
Oct. 31 Sold 42,000 common shares for cash.

a. What is the amount of profit available for distribution to the common shareholders?

b. What is the weighted-average number of common shares for the year?

c. What is the earnings per share for the year?

Analysis Component:
Did the sale of preferred shares on May 1, 2023, affect the basic earnings per common share?