Pet Boutique Corp. reported $4,071,890 of profit for 2020. On November 2, 2020, it declared and paid the annual preferred dividends of $282,620. On January 1, 2020, Pet Boutique had 95,360 and 507,600 outstanding preferred and common shares, respectively. The following transactions changed the number of shares outstanding during the year: Feb. 1 Declared and issued a 20% common share dividend. Apr. 30 Sold 118,410 common shares for cash. May 1 Sold 46,298 preferred shares for cash. Oct.31 Sold 36,000 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