Pet Boutique Corp. reported $3,993,220 of profit for 2023. On November 2, 2023, it declared and paid the annual preferred dividends of $288,090. On January 1, 2023, Pet Boutique had 83,290 and 502,200 outstanding preferred and common shares, respectively. The following transactions changed the number of shares outstanding during the year:

Feb.1Declared and issued a 20% common share dividend.Apr.30Sold 135,450 common shares for cash.May1Sold 43,290 preferred shares for cash.Oct.31Sold 33,840 common shares for cash.

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? (Round the final answer to 2 decimal places.)