ment #3 Weighted average shares outstanding a . Saved A company reported $488,325 of profit for 2020. It also declared $70,000 of dividends on preferred shares for the same year. At the beginning of 2020, the company had 86,000 outstanding common shares. These three events changed the number of outstanding shares during the year June 1 Sold 37,000 comon shares for cash. Aug 31 Purchased and retired 31,000 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? Ensalate common shareiders b. What is the weighted average number of common shares for the year? Waremos unstanding shares c. What is the earnings per share for the year? (Round the final answer to 2 decimal places.) per share