On January 1, 2019. Ashram Corporation had 18,000, non-cumulative preferred shares and 132,000 common shares issued and outstanding. Ashram reported profit of $840,000 in 2019 and declared preferred dividends of $5,000 during the year. The following transactions changed the number of shares outstanding during the year ended December 31, 2019. May 1 June 1 October 1 Issued 6,000 common shares for cash. Issued 24,000 common shares for cash. Reacquired 21,000 common shares. Required: a. What is the amount of profit available for distribution to common shareholders? (1 mark) b. What is the weighted average number of common shares outstanding for the year? (Show your calculations) (4 marks) c. What are the earnings per common share for the year? (Show your calculations and round to the nearest 2 decimal places) (2 marks)