3-9 MARKS (17 MINUTES) The following data relate to Nevada Ltd. for the calendar year 20x5 Net income (30% tax rate)... Weighted average number of common shares outstanding during 20x5 10%, cumulative convertible preferred shares convertible into 80,000 common shares 8% convertible bonds; convertible into 75,000 common shares, Stock options, written and exercisable at $30 per share.... $3,500,000 1,000,000 shares $1,600,000 $2,500,000 90,000 shares All the convertible securities and stock options were outstanding all year. The average market price of the common shares in 20x5 was $35. Required: Calculate: a. basic earnings per share (3 marks) b. diluted earnings per share. (6 marks) QUESTION 4-13 MARKS (24 MINUTES) Aroma Coffee Corp. is a publicly traded company who issued $100,000, 8%, three-year bonds. The bonds were dated February 1, 20x5, mature January 31, 20x8, and pay interest on July 31 and January 31. The bonds were sold on February 1, 20x5, to yield 7.75%. The company retired 25% of the bonds on August 1 20x6, at 104. Aroma's fiscal year end is December 31. Required: Prepare all the required journal entries for 20x5 including any year end accruals. QUESTION 5-4 MARKS (7 MINUTES) 2020-D-O