FINANCIAL ACCOUNTING II As of and for the year ended December 31, 2021, JEM, Inc. had the following items in its capital structure: o Net income for 2021 - $132,000. o Common stock - $7 stated value; $9 market value; 20,000 shares issued on January 2, 2018. o Common stock warrants outstanding - issued on October 1, 2021; convertible in 5 years into 2052 common shares. o Preferred stock - 4%; $10 par value; $16 market value; 36,000 shares issued on August 1, 2019; 6,000 shares of treasury stock acquired on February 28, 2020; convertible into 5,887 shares of common stock. Given the data provided above, prepare a schedule to support the reporting of earnings per share for the year ended December 31, 2021.

As of and for the year ended December 31, 2021, JEM, Inc. had the following items in its capital structure: Net income for 2021 - $132,000. Common stock - $7 stated value; $9 market value; 20,000 shares issued on January 2, 2018. Common stock warrants outstanding - issued on October 1, 2021; convertible in 5 years into 2052 common shares. Preferred stock - 4\%; $10 par value; $16 market value; 36,000 shares issued on August 1,2019;6,000 shares of treasury stock acquired on February 28, 2020; convertible into 5,887 shares of common stock. Given the data provided above, prepare a schedule to support the reporting of earnings per share for the year ended December 31, 2021