17) On December 31, 2021, the stockholders equity section of Arizona, Inc., was as follows:

Common stock, par value $6: authorized 50,000 shares;

issued and outstanding 19,000 shares

Additional paid-in-capital $230,000

Retained earnings 430,000

On April 1, 2022, Arizona declared an 5% stock dividend, and accordingly issued additional shares, when the fair value of the stock was $18 per share. For the year ended December 31, 2022, Arizona generated net income of $120,000. The balance of Arizonas retained earnings as of December 31, 2022 should be?

23) To record any liability, the payment must be probable, reasonably estimated and payable in cash. (True/False)

24) Kentucky Company does not have any potentially dilutive securities. In all cases, Kentucky should disclose only one computation for basic earnings per share. (True/False)

25) Nevada Company has convertible preferred stock outstanding at the end of the period. Preferred stock dividends should not be deducted in arriving at basic and diluted earnings per share. (True/False)

30) Miami Co. had 400,000 shares of common stock, 40,000 shares of convertible preferred stock, and $4,000,000 of 5% convertible bonds outstanding during 2021. The preferred stock is convertible into 80,000 shares of common stock. During 2021, Miami paid dividends of $.80 per share on the common stock and $5 per share on the preferred stock. Each $1,000 bond is convertible into 40 shares of common stock. The net income for 2021 was $500,000 and the income tax rate was 30%. Diluted earnings per share for 2021 is?