21. On June 1, 2021, Gray Company issued a note payable to Fidelity Bank in the amount of $4,800,000, bearing interest at 10%, and payable in four equal annual principal payments of $1,200,000. The first payment for interest and principal was made on June 1, 2022. At December 31, 2022, Gray should record accrued interest payable of?

26) York Corp. had 100,000 shares of common stock outstanding on January 1, issued 400,000 shares on July 1, and had income applicable to common stock of $3,500,000 for the year ending December 31, 2021. Earnings per share of common stock for 2021 would be?

27) Colorado Co. had 150,000 shares of stock outstanding on January 1, 2021. On February 1, 2021, Colorado issued 84,000 shares. On July 1, Colorado purchased 8,000 treasury shares, which were reissued on November 1. Compute Colorados weighted-average number of shares outstanding for 2021.

28) Daytona Corp. earned net income of $400,000 in 2021 and had 300,000 shares of common stock outstanding throughout the year. Also outstanding all year was $500,000 of 4% bonds, which are convertible into 40,000 shares of common. Daytonas tax rate is 30%. Compute Daytonas 2021 diluted earnings per share.