Munchies Corporation started the year ended November 30, 2021, with 181,000 common shares and no preferred shares issued. The following changes in share capital occurred during the year: Feb.28Issued 47,040 common shares for $763,000. Sept.4Issued 66,000 $1 cumulative preferred shares for $16.5 million. Nov.1Issued 17,520 common shares in exchange for land. The shares were trading for $20 on this date and the fair value of the land was $335,600. 30Reported net income of $937,400. 30Declared the quarterly cash dividend to the preferred shareholders of record on December 14, payable on December 31. (a) Calculate the income available for the common shareholders. Income available to common shareholders$enter income available to common shareholders in dollars eTextbook and Media Attempts: 0 of 1 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above.

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A C D 1 a Income available for Common shareholders 2 3 Net income reported 93... View the full answer