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2 Kiwi Charter Corp. reported $1,127,200 of profit for 2020. On November 2, 2020. it declared and of $139,000. On January 1, 2020, Kiwi had
2 Kiwi Charter Corp. reported $1,127,200 of profit for 2020. On November 2, 2020. it declared and of $139,000. On January 1, 2020, Kiwi had 72,000 and 180,000 outstanding preferred and comm- transactions changed the number of shares outstanding during the year Feb. 1 Declared and issued a 20% common share dividend. Apr. 30 Sold 127,000 common shares for cash. May 1 Sold 40,000 preferred shares for cash. Oct. 31 Sold 26,000 common shares for cash. 18:42 a. What is the amount of profit available for distribution to the common shareholders? 2 Kiwi Charter Corp. reported $1,127,200 of profit for 2020. On November 2, 2020. it declared and of $139,000. On January 1, 2020, Kiwi had 72,000 and 180,000 outstanding preferred and comm- transactions changed the number of shares outstanding during the year Feb. 1 Declared and issued a 20% common share dividend. Apr. 30 Sold 127,000 common shares for cash. May 1 Sold 40,000 preferred shares for cash. Oct. 31 Sold 26,000 common shares for cash. 18:42 a. What is the amount of profit available for distribution to the common shareholders
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