Pet Boutique Corp. reported $4,957,940 of profit for 2023. On November 2, 2023, it declared and paid the annual preferred dividends of $319,990. On January 1, 2023, Pet Boutique had 92,770 and 567,000 outstanding preferred and common shares, respectively. The following transactions changed the number of shares outstanding during the year:

Feb. 1 Declared and issued a 20% common share dividend. Apr. 30 Sold 110,700 common shares for cash. May 1 Sold 48,780 preferred shares for cash. Oct. 31 Sold 34,200 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?