Current Attempt in Progress On January 1, 2020, Larkspur Company issued 10-year, $2,200,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 14 shares of Larkspur common stock. Larkspur's net income in 2020 was $451,050, and its tax rate was 20%. The company had 97,000 shares of common stock outstanding throughout 2020. None of the bonds were converted in 2020. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, eg. $2.55.) Diluted earnings per share $ (b) Compute diluted earnings per share for 2020, assuming the same facts as above, except that s370,000 of 6% convertible preferred stock was issued instead of the bonds. Each $100 preferred share is convertible into 5 shares of Larkspur common stock. (Round answer to 2 decimal places, eg. $2.55.) Diluted earnings per share $ e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later Type here to search O i DOLL 1.25/2.5 ili Question 2 of 8 Show Attempt History Current Attempt in Progress Total payroll of Ivanhoe Co.was $1,870,000, of which $340,000 represented amounts paid in excess of $128,400 to certain employees. The amount paid to employees in excess of $7,000 was $1,350,000. Income taxes withheld were $463,000. The state unemployment tax is 1.2%, the federal unemployment tax is.8%, and the FI.CA. tax is 7.65% on an employee's salaries and wages to $128,400 and 1.45% in excess of $128,400. (a) Your answer is correct. Prepare thejournal entry for the salaries and wages paid. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation Stand Waves Borse 1870000 Withholding a Pavable Type here to search