please answer question 7

6. Crystal Company has an unfunded retiree healthcare plan. Each of the company's four employees has been with the organization since its inception at the beginning of 2017. As of the end of 2018, the actuary estimates the total net cost of providing benefits to employees during their retirement years to have a present value of $196,000. Each of the employees will become fully eligible for benefits after 28 more years of service but aren't expected to retire for 30 more years. The interest rate is 8%. Required: a. What's the expected postretirement benefit obligation at the end of 2018? b. What's the accumulated postretirement benefit obligation at the end of 2018? c. What's the expected postretirement benefit obligation at the end of 2019? d. What's the accumulated postretirement benefit obligation at the end of 2019? 7. The shareholders' equity of HS Corporation includes $300,000 of $1 par common stock and $600,000 par of 6% cumulative preferred stock. The board of directors of HS declared cash div- idends of $70,000 in 2018 after paying $30,000 cash dividends in 2017 and $50,000 in 2016. Required: What's the amount of dividends common shareholders will receive in 2018? 8. On December 31, 2017, Jackson Company had 100,000 shares of common stock outstanding and 30,000 shares of 7%, $50 par, cumulative preferred stock outstanding. On February 28, 2018, Jackson purchased 24,000 shares of common stock on the open market as Treasury stock for $35 per share Jackson sold 6,000 treasury shares on September 30, 2018 for $37 per share. Net income for 2018 was $180,905. Also outstanding during the year were fully vested incentive stock options giving key personnel the option to buy 50,000 common shares at $40. The market price of the common shares averaged $39 during 2018, Required: Compute Jackson's basic and diluted earnings per share (rounded to two decimal places) for 2018