Riverbed Limited reported profit of $412,580 for its November 30, 2021, year end. Cash dividends of $74,600 on the common shares and $69,200 on the noncumulative preferred shares were declared and paid during the year. The following information is available regarding Riverbed's common shares:

Dec. 1, 2020		The opening number of common shares was 61,000.
Feb. 28, 2021		Sold 9,200 common shares for $202,400 cash.
May 31, 2021		Reacquired 4,600 common shares for $92,000 cash.
Nov. 1, 2021		Issued 13,800 common shares in exchange for land with a fair value of $300,000.

Calculate the profit available to common shareholders.

Profit available to common shareholders

$enter the Profit available to common shareholders in dollars

eTextbook and Media

Question Part Score

--/3

Calculate the weighted average number of common shares for the year.

Weighted average number of shares

enter the Weighted average number of shares

eTextbook and Media

Question Part Score

--/4

Calculate earnings per share for the year. (Round answer to 2 decimal places, e.g. 52.76.)

Earnings per share

$enter Earnings per share in dollars rounded to 2 decimal places

eTextbook and Media