1.AAM has a complex capital structure. Net income available to common shareholders this year is $1,378,500 and, for basic EPS, the weighted average common shares outstanding is 234,000. AAM also has preferred shareholders that who able to convert their preferred shares to 48,000 common shares (but have not done so). They preferred shareholders have claim to a $20,000 declared cash dividend. AAM has an outstanding bond, Bond A, that was sold at face value of $250,000 with an 8% annual coupon rate. Those bonds are convertible to 24,000 shares of common stock (but were not converted). Finally, AAA also has Bond B, sold at face value of $1,000,000 with a 10% coupon rate. Those bonds are convertible to 25,000 shares of common stock (but were not converted). AAMs statutory tax rate is 30%. What is AAMs diluted earnings per share?

2.For ABC Corp, Pretax accounting income in FY 2019 is $3,700. Part of that is from municipal bond interest ($2,000 bond paying 8%). ABC chooses to consider real estate installments sales as taxable when payments are collected, per IRS code. Book depreciation was $ 425 but MACRS under the tax code is $ 615 for the year. The balance in the estimated warranty liability account declined by $ 330 during 2019. They collected $ 2,000 payments on installment note related to real estate sales while making $ 1,700 of real property sales on installment notes in 2019. The companys statutory tax rate is 30%; as of 1/1/2019 DTA had a 19 balance while DTL had a 124 balance. What is ABC Corps Taxes Payable for 2019?

3.For ABC Corp, Pretax accounting income in FY 2019 is $3,700. Part of that is from municipal bond interest ($2,000 bond paying 8%). ABC chooses to consider real estate installments sales as taxable when payments are collected, per IRS code. Book depreciation was $ 425 but MACRS under the tax code is $ 615 for the year. The balance in the estimated warranty liability account declined by $ 330 during 2019. They collected $ 2,000 payments on installment note related to real estate sales while making $ 1,700 of real property sales on installment notes in 2019. The companys statutory tax rate is 30%; as of 1/1/2019 DTA had a 19 balance while DTL had a 124 balance. What is ABC Corps Taxes expense for 2019?