E$14\mathrm{.}11($LO $6)$ AP Salmon Limited reported profit of $$465,325$ for its November $30,2024,$ year end. Cash dividends of $$90,000$ on the

common shares and $$65,000$ on the noncumulative preferred shares were declared and paid during the year. The following information is

available regarding Salmon's common shares:

Dec. $1,2023$ The opening number of common shares was $60,000.$

Feb. $28,2024$ Sold $10,000$ common shares for $$200,000$ cash.

May $31,2024$ Reacquired $5,000$ common shares for $$90,000$ cash.

Nov. $1,2024$ Issued $15,000$ common shares in exchange for land with a fair value of $$310,000.$

Instructions

a$.$ Calculate the profit available to common shareholders.

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

c$.$ Calculate earnings per share for the year.