please answer this in detail..

Kiwi Charter Corp. reported $1, 612, 530 of profit for 2017. On November 2, 2017. it declared and paid the annual preferred dividends of $234,000. On January 1, 2017, Kiwi had 80,000 and 270,000 outstanding preferred and common shares, respectively. The following transactions changed the number of shares outstanding during the year: 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? Analysis Component: Did the sale of preferred shares on May 1, 2017, affect the basic earnings per common share