Question: can someone please help me answer the weighted average number and earnings per share for the year? Current Attempt in Progress Cato Corporation started the


Current Attempt in Progress Cato Corporation started the year ended November 30, 2021. with 188,000 common shares and no preferred shares issued. The following changes in share capital occurred during the year: Feb 28 Sept. 4 Now 1 Issued 48,840 common shares for $816,000 Issued 55,200 $1 cumulative preferred shares for $13.8 million Issued 19,680 common shares in exchange for land. The shares were trading for $19 on this date and the fair value of the land was $358,020. Reported net income of $969,900 Declared the quarterly cash dividend to the preferred shareholders of record on December 14, payable on December 31 30 30 (a) Your Answer Correct Answer Your answer is correct Calculate the income available for the common shareholders. Income available to common shareholders $ 956100 e Textbook and Media Solution Attempts: 3 of 3 used Calculate the weighted average number of common shares for the year. Weighted average number of common shares Calculate the basic earnings per share for the year. (Round answer to 2 decimal places, e.g. 52.75.) Basic earnings per share
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