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At December 31, 2022, Cheyenne's Limited had 4003000 common shares outstanding (no preferred shares issued). An additional 254000 common shares were issued on July 1,
At December 31, 2022, Cheyenne's Limited had 4003000 common shares outstanding (no preferred shares issued). An additional 254000 common shares were issued on July 1, 2023, and 508000 more on October 1, 2023. As well, on April 1, 2023, Cheyenne's issued 8500,$1000 face value, 8% convertible bonds. Each bond is convertible into 40 common shares. No bonds were converted in 2023. What is the number of shares to be used in calculating basic earnings per share and diluted earnings per share, respectively, for 2023 ? 4257000 and 4512000 4682000 and 4937000 4257000 and 4257000 4257000 and 4597000
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