Jett Corp, had 600,000 shares of common stock on outstanding on January 1, issued 900,000 shares on July 1, and income applicable to common stock of $630,000 for the year ending December 31, 2013. Earnings share of common for 2013 would be $1.05. $.50. $.60. $.70. $.84. At December 31, 2017, Meyer Company had 500,000 shares of common stock issued and outstanding, 400,000 of which had been issued and outstanding throughout, the year and 100,000 of which were issued on October 1, 2017. Net income for the year ended December 31, 2017. was $10,000. What would be Meyer's 2017 earnings per common share, rounded to the nearest penny? $1.02. $1.27 $1.20. $1.13. What effect will the issue of common stock have on earnings per share? Decrease Increase No effect Increase numerator and decrease denominator Rush Inc. had the following capital structure during 2014: Convertible Preferred stock $10 per, 4% cumulative, 25,000 shares issued & outstanding, convertible to 2 shares of common stock. Common stock, $5 par, 200,000 shares issued & outstanding. Rush had $500,000 net income for 2014 and did not pay the preferred dividends. What amount should Rush report as diluted EPS? $2.00 $2.45 $2.50 $2.55