Dallas Inc. reported $2,536,460 of profit for 2020. On November 2, 2020, it declared and paid the annual preferred dividends of $195,000. On January 1, 2020, Dallas had 100,000 and 480,000 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 155,000 common shares for cash. May 1 Sold 50,000 preferred shares for cash. Oct. 31 Sold 40,000 common shares for cash. REQUIRED 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? (Round the final answer to 2 decimal places.)