QUESTION 2 (7 marks) Dagobah Company had profit of $825,000 for the year ended December 31, 2018. Cash dividends of $70,000 on the common shares and of $95,000 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 February 1, 2018 Sold 14,400 common shares for $230,000 cash June 30, 2018 Reacquired 10,000 common shares for $90,000 cash October 1, 2018 Issued 19,200 common shares in exchange for land with a fair value of $375,000. 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