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kindly show solutions 1) Anchi Company reported profit for the year amounting to P4,000,000, Anchi has the following equity instrument: . 10,000, 10% cumulative preference

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1) Anchi Company reported profit for the year amounting to P4,000,000, Anchi has the following equity instrument: . 10,000, 10% cumulative preference shares issued and outstanding with par value of P400 per share. . 20,000, 5%, non-cumulative preference shares issued and outstanding with par value of P80 per share. . 11,000 ordinary shares issued and outstanding with par value of P20 per share. Anchi Company declared the following dividends during the year: . P600,000 to cumulative preference shares; . P100,000 to non-cumulative preference share; and . P110,000 to ordinary shares. Dividends in arrears on cumulative preference share as of the beginning of the year amounted to P800,000. There were no issuance or acquisitions of ordinary shares during the period. How much is the earnings per share for the period? A. 320.00 B. 318.18 C. 310.00 D. 308.18Use the following information for the next two (2) questions: Pacito Corp. had 250,000 ordinary shares outstanding on January 1, 2020, prior to 2020, the company issued 6,000, P1,000 face value, 10% convertible bonds. The company has no other potentially dilutive securities. The bonds were converted on October 1, 2020 and 40 ordinary shares were issued in exchange for each bond. Accrued interest on the bonds was recorded and paid on that date. Profit for the year was P4,000,000. The income tax rate is 30% 2) How much is the basic earnings per share? A. 8.56 B. 8.81 C. 9.02 D. 12.90 3) How much is the diluted earnings per share? A. 8.56 B. 8.81 C. 9.02 D. 12.90Use the following information for the next two (2) questions: During 2016, Hercule Corporation had the following two classes of shares issued and outstanding for the entire year: . 200,000 ordinary shares, P10 par. * 2,000 P100 par preference shares, 8%. Each preference share is convertible into two ordinary shares. Hercule Corporation's profit for 2016 was P1,800,000. Income tax rate is 30%. 4) How much is the basic earnings per share? A. 8.92 B. 8.29 C. 9.06 D. 9.00 5) How much is the diluted earnings per share? A. 8.91 B. 8.19 C. 8.28 D. 8.826) Japan company reported the following data at December 31, 2021: Net income for the year 2021 3,700,000 Ordinary share, P100 par 2,500,000 10% bonds payable (issued prior to 2021) 1,000,000 The bonds are convertible into ordinary shares in the ratio of 5 ordinary shares for each P1,000 bond. The income tax rate is 35%. What is the diluted earnings per share? A. 148 B. 125.50 C. 126.67 D. 150.6

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