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help!! Followirg is the staternent of financial position of Sunland Corporation, a fictional cneopany, as well as some assumptions about the eompons seapital structure 1.
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Followirg is the staternent of financial position of Sunland Corporation, a fictional cneopany, as well as some assumptions about the eompons seapital structure 1. Optoin were ganted or written in hily 2021 to purchase 33.100 comenon shares at $15 per share. The werage maiket price of Suniand comman thares dering 2023 was 525 per common thare The options coppire in 2031 and no options were percised diring 2023 . 2. The TX bonds were issued in 2022 at face value. The 9% convert ble bonds were issued on fuly 1,2023, at facrevalue Each corvertible band is convertible into 50 common shares (Each bond has a face value of 51,000 ). into four common shires. 4. The averse inceme tax fate 630s. 5. The 447,000 cominen shares were fisued at \$1 per share and were coutstanding during the entire year. 6. Preferred dividends were not declared in 2023. 7. Net thecome wis 51.98 millices in 2003 8. Nobonds or pefered shares wereconverted during 2023. Show the presentation of earnirgs per share for Sunland Corporation for 2023 . Mound earning per hare anwen to 2 decinal ploces, es. 52.75 ) Step by Step Solution
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