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Following is information taken from Wildhorse Inc's December 31, 2021 balance sheet: 5% bonds payable, $6,498,000 maturing December 31, 2022, each $1,000 bond convertible into
Following is information taken from Wildhorse Inc's December 31, 2021 balance sheet: 5% bonds payable, $6,498,000 maturing December 31, 2022, each $1,000 bond convertible into 19 common shares $6,498,000 8% bonds payable, $4,516,000, maturing December 31, 2023, each $1,000 bond convertible into 25 common shares at any time up to December 31, 2023 $4,516,000 Cumulative preferred shares. $5. no-par value, convertible at 1 preferred share for 4 common shares, 49,400 shares outstanding $988.000 Common shares, no par-value 2,903,000 shares outstanding Wildhorse's net income for 2021 was $8,513,200, and the company was subject to an income tax rate of 20%. Both classes of bonds were outstanding the entire year, as were the preferred shares. The weighted average number of common shares outstanding during the period was 3,594,000. (For simplicity. ignore the requirement to record the debt and equity portions of the convertible bond separately). Calculate Wildhorse's diluted EPS for 2021. (Round calculations of EPS to 3 decimal places, e.g. $3.545 and provide final answer to 2 decimal places, e.g. 15.25.) Numerator Denominator EPS Basic $ LA Sub Total Diluted EPS
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