Pet Boutique Corp. reported $3,553,950 of profit for 2020. On November 2, 2020, it declared and paid the annual preferred dividends of $242.500. On January 1, 2020. Pet Boutique had 87670 and 572.400 outstanding preferred and common shares, respectively. The following transactions changed the number of shares outstanding during the year Feb. 1 Declared and issued a common share dividend.
Apr. Sold 124,380 Common shares for cash May 1 Sold 38,170 preferred shares for cash. Oct. 31 Sold 39,260 C on shares for cash. a. What is the amount of profit available for distribution to the common shareholders? Answer is complete and correct. able to common shareholders 3,311 450 Earnings b. What is the weighted average number of common shares for the year? Answer is complete but not entirely correct. b. What is the weighted average number of common shares for the year? Answer is complete but not entirely correct. Weighted average outstanding shares 597 420 c. What is the earnings per share for the year? (Round the final answer to 2 decimal places.) Answer is complete but not entirely correct. Earnings per share $ 554.00