Question 5 of 6 View Policies Show Attempt History Current Attempt in Progress Novak Limited reported profit of $441,150 for its November 30, 2024, year end. Cash dividends of $62,200 on the common shares and $64,400 on the noncumulative preferred shares were declared and paid during the year. The following information is available regarding Novak's common shares: Dec. 1. 2023 Feb. 28, 2024 May 31, 2024 Nov. 1, (a) 2024 (b) The opening number of common shares was 69,600. Sold 9,200 common shares for $147,200 cash. Reacquired 4,600 common shares for $64,400 cash. Issued 13,800 common shares in exchange for land with a fair value of $340,000. Your answer is correct. Calculate the profit available to common shareholders. Profit available to common shareholders Question Part Score eTextbook and Media Your answer is correct. 376750 6/9 Calculate the weighted average number of common shares for the year. Attempts: 1 of 2 used 3/3

Novak Limited reported profit of $441,150 for its November 30,2024 , year end. Cash dividends of $62,200 on the common shares and $64,400 on the noncumulative preferred shares were declared and paid during the year. The following information is available regarding Nowak's common shares: Dec. 1, 2023 The opening number of common shares was 69,600. Feb. 28, 2024 Sold 9.200 common shares for $147,200 cash. May 31. 2024 Reacquired 4,600 common shares for $64,400 cash. Nov. 1. 2024 Issued 13,800 common shares in exchange for land with a fair value of $340,000. (a) Your answer is correct. Calculate the profit available to common shareholders. Profit available to common shareholders $ eTextbook and Media Attempts: 1 of 2 used Question Part Score 3/3 (b) Your answer is correct. Calculate the weighted average number of common shares for the year. Your answer is correct. Calculate the weighted average number of common shares for the year. Weighted average number of shares eTextbook and Media Question Part Score (c) Calculate earnings per share for the year. (Round answer to 2 decimal places, es 5.76.)