Question: same question. Please full calculation and explanation. velage shares outstanding and earnings per share LO3 eXce CHECK FIGURE: b. Weighted-average outstanding shares 433,500 Kiwi Charter

same question. Please full calculation and explanation. velage shares outstanding and

earnings per share LO3 eXce CHECK FIGURE: b. Weighted-average outstanding shares 433,500

same question. Please full calculation and explanation.

velage shares outstanding and earnings per share LO3 eXce CHECK FIGURE: b. Weighted-average outstanding shares 433,500 Kiwi Charter Corp. reported $1,612,530 of profit for 2017. On November 2, 2017, it declared and paid the annual preferred dividends of $234,000. On January 1, 2017, Kiwi had 80,000 and 270,000 outstanding preferred and common shares, respectively. The following transactions changed the number of stana outstanding during the year: Feb. 1 Declared and issued a 10% common share dividend Apr. 30 Sold 180,000 common shares for cash May 1 Sold 50,000 preferred shares for cash. Oct. 31 Sold qq,000 common shares for cash. 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

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