Bridgeport Limited reported profit of $478,760 for its November 30, 2021, year end. Cash dividends of $74,400 on the common shares and $60,600 on the noncumulative preferred shares were declared and paid during the year. The following information is available regarding Bridgeport's common shares:

Dec. 1, 2020		The opening number of common shares was 57,100.
Feb. 28, 2021		Sold 10,000 common shares for $180,000 cash.
May 31, 2021		Reacquired 5,000 common shares for $80,000 cash.
Nov. 1, 2021		Issued 15,000 common shares in exchange for land with a fair value of $300,000.

Correct answer icon

Your answer is correct.

Calculate the profit available to common shareholders.

Profit available to common shareholders

$enter the Profit available to common shareholders in dollars

eTextbook and Media

Question Part Score

3/3

Incorrect answer icon

Your answer is incorrect.

Calculate the weighted average number of common shares for the year.

Weighted average number of shares

enter the Weighted average number of shares

eTextbook and Media

Question Part Score

0/4

Incorrect answer icon

Your answer is incorrect.

Calculate earnings per share for the year. (Round answer to 2 decimal places, e.g. 52.76.)

Earnings per share

$enter Earnings per share in dollars rounded to 2 decimal places