Pet Boutique Corp. reported $3,878,780 of profit for 2023. On November 2, 2023, it declared and paid the annual preferred dividends of $228,900. On January 1, 2023, Pet Boutique had 94,190 and 507,600 outstanding preferred and common shares, respectively. The following transactions changed the number of shares outstanding during the year:

Feb. 1 Declared and issued a 20% common share dividend.
Apr. 30 Sold 129,090 common shares for cash.
May 1 Sold 44,850 preferred shares for cash.
Oct. 31 Sold 38,520 common shares for cash.


a. What is the amount of profit available for distribution to the common shareholders?




b. What is the weighted-average number of common shares for the year?




c. What is the earnings per share for the year? (Round the final answer to 2 decimal places.)