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New Demand Inc. reported $889,800 profit in 2020 and declared preferred dividends of $79,800. The following changes in common shares outstanding occurred during the year. 1) What is the amount of net income available for distribution to the common shareholders? 2) Calculate the weighted-average number of common shares for the year? 3) What is the earnings per share for the year? 12 What is the amount of net income available for distribution to the common shareholders? Calculate the weighted-average number of common shares for the year? What is the earnings per share for the year