A company reported $246,880 of profit for 2017. It also declared $38,000 of dividends on preferred shares for the same year. At the beginning of 2017, the company had 54,000 outstanding common shares. These three events changed the number of outstanding shares during the year:

June 1	Sold 21,000 common shares for cash.
Aug. 31	Purchased and retired 14,000 common shares.
Oct. 1	Completed a three-for-one share split.

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?(Round your answer to 2 decimal places.)