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?

Kiwi Charter Corp. reported $1,612,530 of profit for 2020. On November 2, 2020, it declared and paid the annual preferred dividends of $234,000. On January 1, 2020, Kiwi had 80,000 and 270,000 outstanding preferred and common shares, respectively. The following transactions changed the number of shares outstanding during the year: Feb. 1 Declared and issued a 10% common share dividend. Apr. 30 Sold 180, 000 common shares for cash. May Oct. 31 Sold 99,000 common shares for cash. 1 Sold 50,e00 preferred shares for cash.