6. Cullumber Corporation earned net income of $ 239,400 in 2020 and had 114,000 common shares outstanding throughout the year. Also outstanding all year was $ 940,000 of 10% bonds that are convertible into 11,400 common shares. Cullumbers tax rate is 35%. Calculate Cullumbers 2020 diluted earnings per share. For simplicity, ignore the IFRS requirement to record the debt and equity components of the bonds separately.

7. Bramble Ltd. began its latest fiscal year on January 1, 2020, with 11,000 common shares outstanding. On April 1, Bramble sold 1,500 additional common shares. The company declared and issued a 20% stock dividend on June 1. On July 1, Bramble repurchased and cancelled 210 common shares. An additional 3,600 common shares were issued on September 1. On November 1, Bramble declared and issued a 2-for-one stock split. On December 1, Bramble issued an additional 100 shares. Following the fiscal year, Bramble declared and issued a 3-for-one stock split on February 1, 2021. The company issued its 2020 financial statements on March 10, 2021. Calculate the weighted average number of common shares that Bramble should use for calculating its EPS numbers for 2020.

8. For the year ended December 31, 2020, Indigo Ltd. had net income available to common shareholders of $ 2,520,000, and 700,000 weighted average common shares outstanding. The company had written put stock options outstanding at the end of fiscal 2020 to buy back 128,400 common shares at $ 9.10 per share. None of these stock options were exercised during fiscal 2020, and the average market price for the year was $ 10.70. Calculate Indigos basic and diluted earnings per share.

9. Sheridan Corporation had 110,000 common shares outstanding on December 31, 2019. During 2020, the company issued 13,000 shares on March 1, retired 5,800 shares on July 1, issued a 20% stock dividend on October 1, and issued 19,800 shares on December 1. For 2020, the company reported net income of $ 440,000 after a loss from discontinued operations of $ 49,600 (net of tax). The company issued a 2-for-1 stock split on February 1, 2021, and the companys financial statements for the year ended December 31, 2020, were issued on February 28, 2021. Calculate earnings per share for 2020 as it should be reported to shareholders.

10. On December 31, 2021, Vaughn Ltd had 200,000 weighted average common shares outstanding and 63,000 preferred shares outstanding. Vaughns preferred shares are $4, cumulative preferred shares. There were no changes to the number of preferred shares outstanding during the year. No dividends were declared or paid in 2021 or 2020, although dividends were paid on preferred shares in 2019. Vaughn had a net income of $1,852,000 for the year ended December 31, 2021. Calculate Vaughns basic earnings per share.