New DemandInc, rep orted $989,600 profil in 2023 and dedared preferred dividends of $79,800. Thefollowing changer in common chares outstending occurred during the year. Jamuary 1"s March 1 .x August 1.5 Novernber 1 , 60,000 common stares wre outstanding Dedared andissued a 30 \% common charedividend Sold 20,000 common ctrares Sold 40,000 common chares 1) What is the amount of nat income available for distribution to the common shareholders? 2) Calculate the weighted-averge number of common shares for the year? 3) What is the eaminges per share for the year