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7,8 and 9 please i will upvote. 7) Jersey Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,500,000 of

7,8 and 9 please i will upvote. image text in transcribed
7) Jersey Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,500,000 of 5% convertible bonds outstanding during 2021. The preferred stock is convertible into 40,000 shares of common stock. During 2021, Jersey paid dividends of $.50 per share on the common stock and $4 per share on the preferred stock. Each $1,000 bond is convertible into 30 shares of common stock. The net income for 2021 was $600,000 and the income tax rate was 20%. Diluted earnings per share for 2021 is (rounded to the nearest penny)? 8) Red Company had 2,000,000 shares of common stock issued and outstanding at December 31, 2020. On July 1, 2021 an additional 1,500,000 shares were issued for cash. Red also had stock options outstanding at the beginning and end of 2021 which allow the holders to purchase 375,000 shares of common stock at $20 per share. The average market price of Red's common stock was $25 during 2021. What is the number of shares that should be used in computing diluted earnings per share for the year ended December 31, 2021? 9) On January 2, 2021, XYZ Co. issued at par $10,000 of 6% bonds convertible in total into 1,000 shares of XYZ's common stock. No bonds were converted during 2021. Throughout 2021, XYZ had 1,000 shares of common stock outstanding. XYZ's 2021 net income was $5,000, and its income tax rate is 20%. No potentially dilutive securities other than the convertible bonds were outstanding during 2021. XYZ's diluted earnings per share for 2021 would be (rounded to the nearest penny)? 101

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