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

Dec. 1, 2020

The opening number of common shares was67,000.

Feb. 28, 2021

Sold8,600common shares for $172,000cash.

May 31, 2021

Reacquired4,300common shares for $77,400cash.

Nov. 1, 2021

Issued12,900common shares in exchange for land with a fair value of $250,000.

1. Calculate the profit available to common shareholders.
2. Calculate the weighted average number of common shares for the year.
3. Calculate earnings per share for the year.