1. On April 7, 2021, Sunland Company sold a $5300000, twenty-year, 9 percent bond issue for $5618000. Each $1000 bond has two detachable warrants, each of which permits the purchase of one share of the corporation's common stock for $30. The stock has a par value of $25 per share. Immediately after the sale of the bonds, the corporation's securities had the following market values:

9% bond without warrants	$1008
Warrants	20
Common stock	27

What accounts should Sunland credit to record the sale of the bonds?

A. Bonds Payable 5300000

Premium on Bonds Payable 318000

B. Bonds Payable 5300000

Premium on Bonds Payable 210786

Paid-in-capital-Stock Warrants 107214

C. Bonds Payable 5300000

Premium on Bonds Payable 45792

Paid-in-capital-Stock Warrants 208608

D. Bonds Payable 5300000

Premium on Bonds Payable 103573

Paid-in-capital-Stock Warrants 214427

2. Bramble Corp. had 290000 shares of common stock issued and outstanding at December 31, 2020. During 2021, no additional common stock was issued. On January 1, 2021, Bramble issued 390000 shares of nonconvertible preferred stock. During 2021, Bramble declared and paid $174000 cash dividends on the common stock and $159000 on the nonconvertible preferred stock. Net income for the year ended December 31, 2021, was $966000. What should be Bramble's 2021 earnings per common share, rounded to the nearest penny? A. $1.23

B. $2.18

C. $3.33

D. $2.78