Bridgeport Limited reported profit of $481,244 for its November 30, 2024, 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, 2023 Feb. 28, 2024 May 31, 2024 Nov. 1. 2024 The opening number of common shares was 57,100. Sold 10,000 common shares for $180,000 cash. Reacquired 5,000 common shares for $80,000 cash. Issued 15,000 common shares in exchange for land with a fair value of $300,000.