Pina Colada Limited reported profit of $493,670 for its November 30, 2021, year end. Cash dividends of $82,000 on the common shares and $66,900 on the noncumulative preferred shares were declared and paid during the year. The following information is available regarding Pina Colada's common shares:

Dec. 1, 2020		The opening number of common shares was 67,000.
Feb. 28, 2021		Sold 8,600 common shares for $172,000 cash.
May 31, 2021		Reacquired 4,300 common shares for $77,400 cash.
Nov. 1, 2021		Issued 12,900 common shares in exchange for land with a fair value of $250,000.

Calculate the profit available to common shareholders.

Profit available to common shareholders

Calculate the weighted average number of common shares for the year.

Weighted average number of shares

Calculate earnings per share for the year.

Earnings per share