Question: Springfield Corporation a publicly traded company, started the year ended November 30, 2024, with 162,000 common shares and no preferred shares issued. The following changes in share capital occurred during the year: Feb. 28 Issued 46,080 common shares for $759,000. Sept. 4 Issued 54,800$1 noncumulative preferred shares for $1.4 million. Nov. 1 Issued 19,320 common shares in exchange for land. The shares were trading for $21 on this date and the fair value of the land was $390,820. Nov. 30 Reported net income of $984,300. Nov. 30 Declared the quarterly cash dividend to the preferred shareholders of record on December 14, payable on December 31 Calculate the income available for the common shareholders.