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26) The following information is available for ABC Corporation: January 1, 2021 Shares outstanding 4,000,000 April 1, 2021 Shares issued 640,000 October 1, 2021 Treasury shares purchased 240,000 The number of shares to be used in computing earnings per common share for 2021 is?

27) Boston Co. had net income for 2021 of $500,000. The average number of shares outstanding for the period was 100,000 shares. The average number of shares under outstanding options, at an option price of $30 per share is 5,000 shares. The average market price of the common stock during the year was $40. What should Boston Co. report for diluted earnings per share for the year ended 2021?

28) ABC Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $2,000,000 of 6% convertible bonds outstanding during 2021. The preferred stock is convertible into 60,000 shares of common stock. During 2021, ABC paid dividends of $.80 per share on the common stock and $3 per share on the preferred stock. Each $1,000 bond is convertible into 40 shares of common stock. The net income for 2021 was $600,000 and the income tax rate was 20%. Diluted earnings per share for 2021 is?