Calculations please
$195,400 1,176,700 1,140,000 ALLIC CHU VI ZUTU, LICICLUIUS VI JURIDIUSIT ICCI TOIVOICS SHOWCU LIC TOILUVITY. Bonds payable, Series A, 8%, each $1,000 bond is convertible to 30 common shares after share dividend (par value, $230,000), net of discount Bonds payable, Series B, 8% each $1,000 bond is convertible to 40 common shares after share dividend (par value, $1,180,000), net of discount Preferred shares, no par $14.70, non-cumulative, non-convertible; issued and outstanding throughout the year, 47,000 shares Common shares, no par, authorized unlimited number of shares: Outstanding, January 1, 492,000 shares Shares retired, June 1, 3,000 shares at a cost of $10,000; book value. Shares dividend issued July 1, ?? shares (70%, 7 additional shares for each 10 shares outstanding). Retained earnings (no cash dividends declared during the year). Income before discontinued operations Discontinued operations (net of tax). Net income $1,660,000 (8,750) 398,000 2,049,250 1,498,000 430,000 (42,000) $388,000 Net income includes interest expense of $2,746 on Series A bonds payable, and interest expense of $61,229 on Series B bonds. Average income tax rate for 2016 was 30%. Both bond series were issued prior to January 1, 2016. Please make sure your final answer(s) are accu 2 decimal places. a) Calculate basic earnings per share (EPS) and diluted EPS. Enter the individual effects on income and # of shares for both bonds in the Series A and Series B line items but only include dilutive bonds, if any, in the diluted EPS total line. Income Weighted average number of shares (WACS) Earnings per share Shares outstanding January 1 to May 31 June 1 to June 30 July 1 to December 31 Basic EPS Series A Interest Shares Series B Interest Shares Diluted EPS b) Complete the required disclosures for EPS below. EPS report Basic EPS Income before discontinued operations Discontinued operations Net income Diluted EPS Income before discontinued operations Discontinued operations Net income $195,400 1,176,700 1,140,000 ALLIC CHU VI ZUTU, LICICLUIUS VI JURIDIUSIT ICCI TOIVOICS SHOWCU LIC TOILUVITY. Bonds payable, Series A, 8%, each $1,000 bond is convertible to 30 common shares after share dividend (par value, $230,000), net of discount Bonds payable, Series B, 8% each $1,000 bond is convertible to 40 common shares after share dividend (par value, $1,180,000), net of discount Preferred shares, no par $14.70, non-cumulative, non-convertible; issued and outstanding throughout the year, 47,000 shares Common shares, no par, authorized unlimited number of shares: Outstanding, January 1, 492,000 shares Shares retired, June 1, 3,000 shares at a cost of $10,000; book value. Shares dividend issued July 1, ?? shares (70%, 7 additional shares for each 10 shares outstanding). Retained earnings (no cash dividends declared during the year). Income before discontinued operations Discontinued operations (net of tax). Net income $1,660,000 (8,750) 398,000 2,049,250 1,498,000 430,000 (42,000) $388,000 Net income includes interest expense of $2,746 on Series A bonds payable, and interest expense of $61,229 on Series B bonds. Average income tax rate for 2016 was 30%. Both bond series were issued prior to January 1, 2016. Please make sure your final answer(s) are accu 2 decimal places. a) Calculate basic earnings per share (EPS) and diluted EPS. Enter the individual effects on income and # of shares for both bonds in the Series A and Series B line items but only include dilutive bonds, if any, in the diluted EPS total line. Income Weighted average number of shares (WACS) Earnings per share Shares outstanding January 1 to May 31 June 1 to June 30 July 1 to December 31 Basic EPS Series A Interest Shares Series B Interest Shares Diluted EPS b) Complete the required disclosures for EPS below. EPS report Basic EPS Income before discontinued operations Discontinued operations Net income Diluted EPS Income before discontinued operations Discontinued operations Net income
