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A company reported of profit for 2 0 2 0 . It aiso declared of dividends on preferred shares for the same year. At the

A company reported of profit for 2020. It aiso declared of dividends on preferred shares for the same year. At the beginning of 2020, the compary had 80,000 outstanding common shares. These three events changed the number of outstanding shares during the year: Jurle 1 sold 34, eee comeon shares for cash. Als. 31 Purchased and retired 25, eee connon shares. Oct. 1 completed a three-for-one share split. a. What is the amount of profit avallable for distribution to the common sharehoiders? b. What is the weighted-average number of common shares for the year? c. What is the earnings per share for the year? (Round the tinal onswer to 2 decimal ploces.)

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