Question -1

Pet Boutique Corp. reported $4.549.230 of profit for 2023 . On November 2.2023, it declared and pald the annual preferred dividends of $261,880. On January 1, 2023, Pet Boutique had 73,500 and 567,000 outstanding preferred and common shares, respectively. The following transactions changed the number of shares outstanding during the year: Feb, 1 Declared and issued a 205 comon share dividend. Ape +30 Sold 129,130 coenon shares tor casb. May 1 Sold 49,410 preferred shares for cash. oct.31 Sold 37, Beg comoin shares for cash. 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 the final answer to 2 decimal places.)