Kiwi Charter Corp. reported $1,649,900 of profit for 2023. On November 2, 2023, it declared and paid the annual preferred dividends of $159,000. On January 1, 2023, Kiwi had 82,000 and 300,000 outstanding preferred and common shares, respectively. The following transactions changed the number of shares outstanding during the year:

Feb.		1		Declared and issued a 14% common share dividend.
Apr.		30		Sold 137,000 common shares for cash.
May		1		Sold 50,000 preferred shares for cash.
Oct.		31		Sold 31,000 common shares for cash.

a. What is the amount of profit available for distribution to the common shareholders?

Earnings available to common shareholders:

b. What is the weighted-average number of common shares for the year?

Weighted-average outstanding shares

c. What is the earnings per share for the year? (Round the final answer to 2 decimal places.)

Earnings per share