Flounder Limited reported profit of $470,890 for its November 30, 2021, year end. Cash dividends of $78,300 on the common shares and $67,800 on the noncumulative preferred shares were declared and paid during the year. The following information is available regarding Flounder's common shares: Dec. 1, 2020 The opening number of common shares was 58,100. Feb. 28, 2021 Sold 8,600 common shares for $215,000 cash. May 31, 2021 Reacquired 4,300 common shares for $98,900 cash. Nov. 1, 2021 Issued 12,900 common shares in exchange for land with a fair value of $280,000. Calculate the profit available to common shareholders. Profit available to common shareholders $ 403,090 Calculate the weighted average number of common shares for the year. Weighted average number of shares 63,475 Calculate earnings per share for the year. (Round answer to 2 decimal places, eg. 52.76.) Earnings per share $ 63,475