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please full calculation and explanation CHECK FIGURE: c. EPS $2.63 A company reported $576,000 of profit for 2017. It also declared $78,000 of dividends on
please full calculation and explanation
CHECK FIGURE: c. EPS $2.63 A company reported $576,000 of profit for 2017. It also declared $78,000 of dividends on preferred sh for the same year. At the beginning of 2017, the company had 50,000 outstanding common shares Ths three events changed the number of outstanding shares during the year: on shares. June Aug. Oct. 1 31 1 Sold 30,000 common shares for cash. Purchased and retired 13,000 common shares. Completed a three-for-one share split. 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? Round calculations to two decimal placesStep by Step Solution
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