MAD 12-5 Analyze and compare BB&T and Regions Financial BB&T Corporation (BBT) and Regions Financial Corporation (RF) are large regional banking companies. The net income and average common shares outstanding for both companies were reported in recent financial reports as follows (in millions): Obj. 7 Regions Financial $1,158 BB&T $2,458 $167 315 Net income Preferred dividends Average number of common shares outstanding $64 1,255 a. Determine the earnings per share for each company. Roued to the nearest cent b.Which company appears more profitable from a total ne: income perspective? C. Which company appears more profitable from an earnings-per-share perspective? d.From a stockholder's perspective, is net income or earnings per share the better relative earnings measure between the two banks? Peyton Smith enjoys listening to all types of music and owns countiess CDs. Ove and the ability to put together sets of recordings that appeal to all ages. er the years, Peyton has gained a local reputation for knowledge of music from classical to rap During the last several months, Peyton served as a guest disc jockey on a local radio station. In addtion, On June 1, 20Y5, Peyton established a corporation known as PS Music. Using a weddings, college parties, and other events. During June, Peyton entered into the following June an extensive collection of music MP3 files, Peyton will serve as a disc jockey on a fee basis for transactions: . Deposited $6,000 In a checking aceunt in the name or Ps Music In exchange for common atod 2. Received $3.500 from a local radio station for serving as the quest disc Jockey tor June 2. Agreed to share office space with a local real estate agency, Pinnacle Realty. PS Music will pay one-fourth of the rent. rent. In addition, PS Music agreed to pay a portion of the wages of the receptionist and to pay one-fourth of the utilities. Paid $800 for the rent of the office. 4. Purchased supplies from City Office Supply Co. for $350. Agreed to pay $100 within 10 days and the remainder by July 6. Paid $500 to a local radio station to advertise the services of PS Music twice daily for two weeks 8. Paid $675 to a local electronics store for renting digital recording equipment. 12. Paid $350 (musi 13. Paid City Office Supply Co. $100 on account. ic expense) to Cool Music for the use of its current music demos to make various music sets. $300 from a dentist for providing two music sets for the dentist to play for her patients 22. Served as disc jockey for a wedding party. The father of the bride agreed to pay $1,000 in July. 25. Received $500 for serving as the disc jockey for a cancer charity ball hosted by the local hospital. 29. Paid $240 (music expense) to Galaxy Music for the use of its library of music demos. 30. Received $900 for serving as PS disc jockey for a local club's monthly dance. 30. Paid Pinnacle Realty $400 for PS Music's share of the receptionist's wages for June 30. Pald Pinnacle Realty $300 for PS Music's share of the utilities for June. 30. Determined that the cost of supplies on hand Is $170. Therefore, the cost of supplies used during the month was $180 30. Paid for miscellaneous expenses, $415 30. Paid $1,000 royalties (music expense) to National Music Clearing for use of varlous artists' music during the month. 30. Paid dividends, $500. Required: Indicate the effect of each transaction and the transactions occurring on the same date, enter in the order shown above balances after each transaction. Enter deductions and negative values (withdrawals and expenses) s negative numbers.F t Stockholders Equity Office Equip. Iohilities+ rtnn Wages Utilities Supplie