1) On July 1, 2021, an interest payment date, $150,000 of ABC Co. bonds were converted into 3,000 shares of ABC Co. common stock each having a par value of $45 and a market value of $54. There is $6,000 unamortized discount on the bonds. Using the book value method, what is the total dollar amount of the credits in the journal entry to convert the bond into common stock?

2) In 2020, ABC, Inc., issued for $103 per share, 90,000 shares of $100 par value convertible preferred stock. One share of preferred stock can be converted into three shares of ABC's $25 par value common stock at the option of the preferred stockholder. In August 2021, all of the preferred stock was converted into common stock. The market value of the common stock at the date of the conversion was $30 per share. What is the total dollar amount of the credits in the journal entry to convert the preferred stock into common stock?

3) Texas Corp. had 480,000 shares of common stock outstanding on January 1, issued 900,000 shares on July 1, and had income applicable to common stock of $2,500,000 for the year ending December 31, 2021. Earnings per share of common stock for 2021 would be?

4) Texas Co. had 400,000 shares of common stock outstanding on January 1, issued 126,000 shares on May 1, purchased 63,000 shares of treasury stock on September 1, and issued 54,000 shares on November 1. The weighted average shares outstanding for the year is?