QUESTION 2 (7 marks) Dagobah Company had profit of $343.125 for the year ended December 31, 2018. Cash dividends of $115,000 on the common shares and of $45,000 on the non-cumulative preferred shares were declared and paid during that year. The following changes in common shares also occurred in 2018: January 1, 2018 The opening number of common shares was 60,000 April 1, 2018 Sold 10,000 common shares for $225,000 cash June 30, 2018 Reacquired 5,000 common shares for $175,000 cash December 1, 2018 Issued 15,000 common shares in exchange for land with a fair value of $475,000. REQUIRED: a. Calculate the profit available to common shareholders b. Calculate the weighted average number of common shares in 2018 C. Calculate the earnings per share