Can you help with this research project. I have the project attached below.

ACC 304 EPS Project #3 (25 Points) Due Tuesday, November 8, 2016 Using this template, complete all the blanks shown electronically and then submit a printed copy to your instructor. 1. Situation: Monsanto Corporation was incorporated in 2014. During 2014, the company issued 100,000 shares of $1 par value common stock for $27 per share. During 2015, the company had the following transactions. Note: Nothing is required by the student for this section. Date 1/1/15 Transaction Issued 10,000 shares of $100 par value cumulative preferred stock at par. The preferred stock was convertible into 5 shares of common stock and had a dividend rate of 6%. 3/1/15 Issued 3,000 shares of common stock for legal services performed. The stock was actively traded on a major exchange and had a fair value on 3/1/15 at $42 per share. 7/1/15 Issued 40,000 shares of common stock for $42 per share. 10/1/15 Repurchased 16,000 shares of treasury stock for $34 per share using the cost method to account for the acquisition. 12/1/15 Sold 6,000 shares of treasury stock for $29 per share. 12/30/1 5 Declared and paid a dividend of $0.20 per common share and a 6% dividend on the preferred shares. During 2014, Monsanto Corporation had net income of $228,000 and paid dividends of $28,000. During 2015, Monsanto had net income of $600,000. 2. Analysis of Transactions: Indicate the $$ impact that the transactions shown above had on its stockholders' equity accounts shown across the top of the below spreadsheet. Place the appropriate $$ amounts in the table cells below. Note that all account headings are not affected by an event. If this is the case, place NE in cell. Date Transaction 1/1/15 PS issuance at par CS issued for services CS issued for cash TS acquired at $34 (cost approach) Sale of TS for $29 Dividend payments 3/1/15 7/1/15 10/1/15 12/1/15 12/30/15 PS PIC-PS CS PIC-CS RE TS PIC-TS 3. Balance Sheet Disclosures: Prepare the stockholders' equity section of the balance sheet by completing the following schedule (EOY amounts). Stockholder's Equity Accounts Preferred Stock PIC-PS Common Stock PIC - CS Retained Earnings Treasury Stock PIC-TS Total Stockholder's Equity $$ Amount 4. Calculation of Basic Earnings per Share: Calculate basic earnings per share. Show the components of your solution and share weighting in the table below. Numerator (in $$) Denominator (in shares using the below table) Basic Earnings Per Share Date # Shares $ $ Time Outstanding (weighting) Weighted Average Common Shares 1/1/15 3/1/15 7/1/15 10/1/15 12/1/15 Total Shares 5. Calculation of Diluted Earnings per Share: Calculate diluted earnings per share. Show the components of your solution in the table below. Numerator (in $$) Denominator (in shares) Diluted Earnings Per Share $ $ 6. Communication: Matt Williams, CEO of Monsanto Corporation, does not understand the purpose of earnings per share. He has contacted you for information regarding the reasons for calculating EPS and why there are two forms of EPS. Write a brief memo to Mr. Williams explaining the purpose of EPS and the difference between basic EPS and diluted EPS. To: From: Re: Matt Williams, CEO, Monsanto Corporation ACC 304 Super Accountant Wannabe Earnings Per Share Start your memorandum below: 7. Research: Research the professional standards (using the Codification to find original pronouncement SFAS 128) to obtain the appropriate section to answer the following question. Cut and paste relevant paragraphs from the standard that addresses this issue. FAS 128 One of the main objectives of the Board's project on earnings per share was to issue a standard that would be compatible with those of the IASC and national standards-setting bodies. The biggest difference between Opinion 15 and other EPS standards is that Opinion 15 required presentation of primary EPS, which includes the dilutive effect of common stock equivalents. Explain why the Board agreed that primary EPS should be eliminated