Question III (10 marks} Trolley Corp. reported $1,445,710 of profit for 2020. On November 02, 2020 it declared and paid the annual preferred dividends of $155,000. On January 01, 2020 Trolley had 80,000 and 240,000 outstanding preferred and common shares, respectively. The following transactions changed the number of shares outstanding during the year: Feb. 01 Declared and issued a 20% common share dividend Apr. 30 Sold 135,000 common shares for cash May 01 Sold 50,000 preferred shares for cash Sold 30,000 common shares for cash Oct. 31 Required a. Calculate the amount of profit available for distribution to the common shareholders b. In a table calculate the weighted average number of common shares for the year C. Calculate the earnings per share for the year