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Rainbow Ltd , reported $ 3 5 4 , 6 8 0 net income for the year ended December 3 1 , 2 0 2

Rainbow Ltd, reported $354,680 net income for the year ended December 31,202X and declared and paid preferred dividends of $45,800 on December 31,202X. The following changes in common shares outstanding occurred during 202X:
Jan 1320,000 common shares were outstanding
June 30 Issued 50,000 common shares
Sept 1 Declared and issued a 20% common share dividend
Nov 1 Repurchased and retired 26,000 common shares
Please solve this question easily properly with all steps and calculations I have my final tomorrow Will really appreciate

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