Information concerning the capital structure of Cullumber Corporation follows: Common shares outstanding Convertible preferred shares outstanding 9% convertible bonds December 31, $4.60. 0 $4.84. O $3.35. O $3.33. 2023 100000 shares 100000 shares 10000 shares 2022 $2024000 10000 shares $2024000 During 2023, Cullumber paid dividends of $1.00 per common share and $2.30 per preferred share. The preferred shares are non- cumulative, and convertible into 20000 common shares. The 9% convertible bonds are convertible into 50000 common shares. Net income for calendar 2023 was $507000. Assume the income tax rate is 30%. Basic earnings per share for 2023 is

Information concerning the capital structure of Cullumber Corporation follows: During 2023, Cullumber paid dividends of $1.00 per common share and $2.30 per preferred share. The preferred shares are noncumulative, and convertible into 20000 common shares. The 9% convertible bonds are convertible into 50000 common shares. Net income for calendar 2023 was $507000. Assume the income tax rate is 30%. Basic earnings per share for 2023 is $4.60. $4.84. $3.35. $3.33