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I need help with this question. The questions asks:A) what is the amount of profit available for distribution to the common shareholders?B) what is the

I need help with this question. The questions asks: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? Analysis component: what is the effect of a share split on earnings per share?image text in transcribed

Exercise 13-13 Weighted-average shares outstanding and earnings per share LO3 excel CHECK FIGURE: c. EPS = $1.12 OS A company reported $237,110 of profit for 2020. It also declared $36,000 of dividends on preferred shares for the same year. At the beginning of 2020, the company had 52,000 outstanding common shares. These thre events changed the number of outstanding shares during the year: June 1 Sold 20,000 common shares for cash. Aug. 31 Purchased and retired 12,000 common shares. Oct. 1 Completed a three-for-one share split. bowler 898

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