Hi. I was hoping to receive some help in computing the earnings per share and the diluted earnings per share from the following three scenarios.

Peyton Approved prides itself on transparency with shareholders and investors. The company has added two storefront locations and launched a new marketing campaign, which is estimated to bring in 20,000 new customers over the next 6 months. The company expects this expansion will require an additional $1,000,000 of capital and generate an additional $600,000 of after-tax profit. The options are:

1) Issuing an additional $1,000,000 of 10%, 100-par convertible preferred stock (same class as is currently outstanding

2)Issue an additional $1,000,000 of 8% convertible bonds (same terms as the existing issue)

3) $500,000 each of preferred stock and bonds

The company's current net income is $12,376,457.01. Unrealized losses of $265,000.

Preferred Stock on the Balance sheet is $500,000; Preferred Stock Dividends issued of $50,000

Common Stock on the Balance sheet is $1,750,000; Common Dividends issued of $5,250,000

Bonds payable of $4,000,000