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Below is shown stockholders equity section of the balance for colonel corporation for the year ended December 3 1 . Common stock , par value

Below is shown stockholders equity section of the balance for colonel corporation for the year ended December 31. Common stock , par value $.14 per share, 57,100 shares issued and outstanding 799430% Preferred stock, par value $2.00 per share ,3,000 shares issued and outstanding 6,000 Additional Paid in Capital 469,468 retained earnings 7,313,375 Cardinal Corporation Shareholders equity 7,796,837. Additional information, Cardinals that income for the year was $999,200. The preferred stock is cumulative preferred stock, and no dividends was declared during the year. Two shares of preferred stock can be converted into one share of common stock. March 1 cardinal issued 500, $10,000 face value, 8% bonds at par (5,000,000 face value total). Each of these bonds can be converted into 50 shares of common stock. On September 30 Cardinal issued 8,000 stock warrants, with each stock warrant converted into one share of common stock at the warrant holders discretion exercise price of $48 per warrant. please compute basics earnings per share. check figure 17.47

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