In 2022, Global Designs Inc had net income of $1,350,000. There were no discontinued operations during the year. There were no dividends declared during the year. There were 450,000 common shares outstanding at the beginning of the year. On April 30, and addition 120,000 common shares were issued for cash. Global's Capital Structure also included the following items and activity during the year: Global had 30,000 written call options outstanding for the entire year. The options provided the holder with the right to purchase a total of 80,000 common shares at an exercise price of $35 per share. The average market value of the common shares during the year was $50 per share. Global had $1,600,000 face value. 11% bonds payable outstanding for the entire year. The bonds are convertible into common shares at the rate of 50 shares for each $1000 bond. The bonds were issued as par. Global had 150,000 preferred shares outstanding for the entire year. These cumulative preferred shares are entitled to a yearly dividend of $2.55 per share and are convertible into common shares at a rate of 3 for 1. No preferred shared were converted during the year. Global's year end is December 31. The tax rate is 30% Calculate the weighted average number of common shares outstanding during the year. Compute basis EPS for 2022. Calculate the individual effect for each potentially dilutive security In 2022, Global Designs Inc had net income of $1,350,000. There were no discontinued operations during the year. There were no dividends declared during the year. There were 450,000 common shares outstanding at the beginning of the year. On April 30, and addition 120,000 common shares were issued for cash. Global's Capital Structure also included the following items and activity during the year: Global had 30,000 written call options outstanding for the entire year. The options provided the holder with the right to purchase a total of 80,000 common shares at an exercise price of $35 per share. The average market value of the common shares during the year was $50 per share. Global had $1,600,000 face value. 11% bonds payable outstanding for the entire year. The bonds are convertible into common shares at the rate of 50 shares for each $1000 bond. The bonds were issued as par. Global had 150,000 preferred shares outstanding for the entire year. These cumulative preferred shares are entitled to a yearly dividend of $2.55 per share and are convertible into common shares at a rate of 3 for 1. No preferred shared were converted during the year. Global's year end is December 31. The tax rate is 30% Calculate the weighted average number of common shares outstanding during the year. Compute basis EPS for 2022. Calculate the individual effect for each potentially dilutive security
