(a) Martinez Limited reported profit of $419,550 for its November 30, 2024, year end. Cash dividends of $87,000 on the common shares and $63,300 on the noncumulative preferred shares were declared and paid during the year. The following information is a regarding Martinez's common shares Dec 1, 2023 Feb. 28, 2024 May 31, 2024 Nov. 1. 20241 The opening number of common shares was 63,500 Sold 9,200 common shares for $193.200 cash Reacquired 4,600 common shares for $87,400 cash Issued 13.800 common shares in exchange for land with a fair value of $250,000 Calculate the profit available to common shareholders Profit available to common shareholders $ eTextbook and Media: Attempts: 0 of 3 used Submit Answer 132 AM