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Outstanding shares: Common stock.........................180,000 180,000 Preferred stock into 60,000 shares of c/s...............60,000 60,000 10% convertible bonds convertible into 40,000 shares of c/s........................2,000,000 2,000,000 12/31/09 12/31/10
Outstanding shares: Common stock.........................180,000 180,000 Preferred stock into 60,000 shares of c/s...............60,000 60,000 10% convertible bonds convertible into 40,000 shares of c/s........................2,000,000 2,000,000 12/31/09 12/31/10 During 2010 paid $90,000 in dividends on the p/s. Net Income for 2010 was $1,960,000 and the income tax rate was 40%. For the year ended Dec.31,2010, diluted EPSis
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