Cullumber Corp. had $730,000 net income in 2021. On January 1, 2021 there were 220,000 shares of common stock outstanding. On April 1, 20,400 shares were issued and on September 1, Cullumber bought 33,900 shares of treasury stock. There are 29,000 options to buy common stock at $40 a share outstanding. The market price of the common stock averaged $50 during 2021. The tax rate is 40%. During 2021, there were 43,000 shares of convertible preferred stock outstanding. The preferred is $100 par, pays $3.50 a year dividend, and is convertible into three shares of common stock. Cullumber issued $2,100,000 of 8% convertible bonds at face value during 2020. Each $1,000 bond is convertible into 30 shares of common stock. Complete the schedule and compute diluted earnings per share for 2021. (Round EPS answers to 2 decimal places, e.g. 52.75 and other answers to 0 decimal places, e.g. 5241. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Security

Net Income

Adjustment

Adjusted Net Income

Shares

Adjustment

Adjusted Shares

EPS

Common Stock

$

$

$

$

Options

Bonds

Preferred