Schmidt Limited reported profit of $446,040 for its November 30, 2014, year end. Cash dividends of $87,000 on the common shares and of $63,300 on the noncumulative preferred shares were declared and paid during the year. The following information is available regarding Schmidt's common shares: Dec. 1, 2013 Feb. 28, 2014 May 31, 2014 Nov. 1, 2014 The opening number of common shares was 65,500. Sold 9,100 common shares for $191,100 cash. Reacquired 4,550 common shares for $213,850 cash. Issued 13,650 common shares in exchange for land with a fair value of $250,000. Calculate the profit available for the common shareholders. Profit available to common shareholders. $ Calculate the weighted average number of common shares for the year. Weighted average number of shares 4