Effect of Financing on Earnings Per Share

BSF Co$.,$ which produces and sells skiling equipment, is financed as follows:

Bonds payable, $10\%($issued at face amount$)$ $$1,300,000$

Preferred $1\%$ stock, $$10$ par $1,300,000$

Common stock, $$25$ par $,1,300,000$

Income tax is estimated at $60\%$ of income.

Round your answers to the nearest cent.

a$.$ Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $$585,000.$

$$,x$ per share

b$.$ Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $$715,000.$

$ pershare

c$.$ Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $$845,000.$

$

X per share