ples, 8th Canadian Edition, Volume 2 by Jerry J. Weygan... Q Search mngs per share. E14.11 (LO 6) AP Salmon Limited reported profit of $465,325 for its November 30, 2021, year end. Cash dividends of $90,000 on the common shares and $65,000 on the noncumulative preferred shares were de- clared and paid during the year. The following information is available regarding Salmon's common shares: Dec. 1, 2020 The opening number of common shares was 60,000. Feb. 28, 2021 Sold 10,000 common shares for $200,000 cash. May 31, 2021 Reacquired 5,000 common shares for $90,000 cash. Issued 15,000 common shares in exchange for land with a fair value of $310,000. Nov. 1, 2021 Instructions a. Calculate the profit available to common shareholders. b. Calculate the weighted average number of common shares for the year. c. Calculate earnings per share for the year. E14.12 (LO 6) AP On December 31, 2020, Nettle Corporation had 5,000, $2 preferred shares and 80,000 common shares issued. During 2021, the company completed the following share transactions: Apr. 1 Sold 10,000 common shares for $5,000 cash. Reacquired 5,000 common shares for $1,800 cash. ags per share. Sept. 30