Problem 2: (separate and unique parts) A: Use the following information to calculate the "net income available to ordinary shareholders for 2019. Net income for 2019 1,000,000 Total stated dividends on cumulative preferred shares 40,000 Total stated dividends on non-cumulative preferred shares 100,000 Dividends actually declared and paid in 2019: - Common shares 50,000 -Cumulative preferred shares Non-cumulative preferred shares 80,000 100,000 Answer: Net Income available to Common Shareholders: B) Use the following information to calculate the "weighted average number of ordinary shares outstanding" (WASO)? Description Share Amount Ordinary shares, January 1, 2019 Shares issued, March 1, 2019 Shares repurchased, June 1, 2019 30,000 Stock Dividend 10% July 1, 2019 15,000 Stock Split 2:1 September 1, 2019 165,000 Shares issued November 1, 2019 100,000 Therefore, there were 430,000 ordinary shares on December 31, 2019. What was the WASO? 120,000 60,000