hi i need help with my becker problems!

Ute reported net income of $500,000 for the year ended December 31, Year 2. Ute paid no preferred dividends during Year 1 and paid $16,000 in preferred dividends during Year 2 . In its December 31, Year 2, income statement, what amount should Ute report as basic earnings per share? $2.42 $2.45 $2.48 $2.50 Deck Co. had 120,000 shares of common stock outstanding at January 1, Year 2. On July 1, Year 2, it issued 40,000 additional shares of common stock. Outstanding all year were 10,000 shares of nonconvertible cumulative preferred stock. What is the number of shares that Deck should use to calculate Year 2 eamings per share? 140,000150,000160,000170,000 Under U.S. GAAP, earnings per share data should be reported for: In computing the weighted-average number of shares outstanding during the year, which of the following midyear events must be treated as if it had occurred at the beginning of the year? Declaration and distribution of stock dividend. Purchase of treasury stock. Sale of additional common stock. Sale of preferred convertible stock. Jones Corp.'s capital structure was as follows: During Year 2, Jones paid dividends of $3.00 per share on its preferred stock. The preferred shares are convertible into 20,000 shares of common stock. The 8% bonds are convertible into 30,000 shares of common stock. Net income for Year 2 is $850,000. Assume that the income tax rate is 30%. The diluted earnings per share for Year 2 is: $5.48 $5.66 $5.81 Scroll down to complete all parts of this task. Hollywood Bakery granted stock options to its CEO on December 31, Year 1. These options, which have a vesting period of 2 years, will allow the CEO to purchase 5,000 shares of $20 par common stock for $45 per share. The options have a fair market value of $30,000, based on an acceptable option valuation model. The CEO exercised the options on January 1, Year 4. Prepare the journal entries necessary to account for the stock options. To prepare each required journal entry: - Click on a cell in the Account Name column and select the appropriate account. An account may be used once or not at all for a journal entry. - Enter the corresponding debit or credit amount in the associated column. - All amounts will be automatically rounded to the nearest dollar. - Not all rows in the table might be needed to complete each journal entry. Journal Entry 1-Record the Year 2 compensation expense Debit Debit January 1 , Year 4