Ex. 3-Earnings per share. Santana Corporation has 400,000 shares of common stock outstanding throughout 2013. In addition, the corporation has 5,000, 20-year, 9% bonds issued at par in 2011. Each $1,000 bond is convertible into 20 shares of common stock after 9/23/14. During the year 2013, the corporation earned $900,00after deducting all expenses. The tax rate was 30%. Instructions Compute the proper earnings per share for 2010. 4. Flower Co. purchased $1,000,000 of 8%, 5-year bonds from Ritter, Inc. on May 1, 2012, plus accrued interest with interest payable on July 1 and January 1. The bonds sold for $1,041,580 at an effective interest rate of 7%. What entry should Fowler make to record the purchase of the bonds on May 1, 2012