A company reported $237,110 of profit for 2023. It also declared $36,000 of dividends on preferred shares for the same year. At the beginning of 2023, the company had 52,000 outstanding common shares. These three events changed the number of outstanding shares during the year:

June 1 Sold 20,000 common shares for cash.
Aug. 31 Purchased and retired 12,000 common shares.
Oct. 1 Completed a three-for-one share split.

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 calculations to two decimal places.

Analysis Component:
What is the effect of a share split on earnings per share?