3. Bonds payable mature on January 1, 2020. They carry a 12% annual interest rate, payable semi Required: Prepare the Contributed Capital section of the December 31, 2016, balance sheet for Adams. Contributed Capital Total contributed capital Dilutive Securities and EPS Iredell Company has 2,500,000 shares of common stock outstanding on December 31, 2015. An additional 500,000 shares of common stock were issued on April 2, 2016, and 250,000 more on July 2, 2016. On October 1, 2016, Iredell issued 5,000, $1,000 face value, 7% convertible bonds. Each bond is dilutive and convertible into 40 shares of common stock. No bonds were converted into common stock in 2016. What is the number of shares to be used in computing basic earnings per share and diluted earnings per share, respectively, for the year ended December 31, 2016 Oa 2,875.000 and 2,925.000 shares b. 3.000.000 and 3.050,000 shares Od 1.000.000 and 3.200.000 shares Od 275.000 and 3.075.000 shares