Ac313

20 Exercise 19-15 EPS; net loss; nonconvertible preferred stock; shares sold (L019-5, 19-6, 19-7) ints At December 31, 2017, Albrecht Corporation had outstanding 208.000 shares of common stock and 6,000 shares of 9.5%, $100 par value cumulative, nonconvertible preferred stock. On May 31, 2018, Albrecht sold for cash 12,000 shares of its common stock. No cash dividends were declared for 2018. For the year ended December 31, 2018, Albrecht reported a net loss of $115,000. Required: Calculate Albrecht's net loss per share for the year ended December 31, 2018. (Enter your answers in thousands. Negative amounts should be indicated by a minus sign.) Answer is complete but not entirely correct. Net Loss per Denominator Numerator 172,000 86,667 - 21 Exercise 19-21 EPS; convertible preferred stock; convertible bonds; order of entry (L019-7, 19-9) Information from the financial statements of Ames Fabricators, Inc., included the following: sints 2017 eBook Common shares Convertible preferred shares convertible into 50.000 shares of common) 108 convertible bonds (convertible into 20.oop shares of common) December 31 2018 100,000 100,000 22,800 22,800 $1,000,000 $1,000,000 Print References Ames's net income for the year ended December 31, 2018, is $680,000. The income tax rate is 40%. Ames paid dividends of $5 per share on its preferred stock during 2018. Required: Compute basic and diluted earnings per share for the year ended December 31, 2018. (Enter your answers in thousands.) Numerator 1 Denominator = Earnings per Share Basic EPS Diluted EPS