prepare the earning per share statement from the balance sheet, income statement and retianee earnings

Balance Sheet As of December 31, 20XX Liabilities and Owners' Equity Assets Current Assets: Current Liabilities: Cash 1,488,999.34 Accounts Payable Wages Payable Interest Payable Current Portion of Bonds Payable Income taxes currently payable Accrued Pension Liability Accrued Employees Health Insurance Lease Liability Contingent Liability-Lawsuit Deferred Tax Liability 1,555,212.85 5235,000.00 250,203.31 Marketable Securities Accounts Receivable 7,092,495.88 1,605,098.52 21,888.22 1,000,000.00 Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Misc. Supplies 128,152.63 1,042,493.16 107,041.70 71,877.07 207,834.14 17,647.42 43,718.91 106,589.52 0.00 52,325.25 Total Current Assets 15,847,105.00 Total Current Liabilities 4,179,472.92 Long Term Liabilities: Bonds Payable 10 %, 20 year Long Term/Fixed Assets: 4,000,000.00 Land 250,000.00 1250,000.00 Building Baking Equipment Accumulated Depreciatior 2,387.729.52 Total Long Term Liabilities 4,000,000.00 328,282.00 Total Liabilities Net Fixed assets 3,559,447.52 8,179,472.92 Patent Net of Amortization 47,500.00 Preferred Stock - (10,000 authorized, 5,000 issued, 10 % , $100 par value) Common Stock- (2,000,000 shares authorized, 1,750,000 issued, $1 par Retained Eamings 500,000.00 1,750,000.00 9,024,579.60 Total Equity 11,274,579.60 Total Assets: 19,454,052.52 Total Liabilities & Equity 19,454,052.52 Peyton Approved Income Statement For Year Ended 12/31/20XX Bakery Sales Merchandise Sales 33,881,157.15 124,795.80 34,005,952.95 Total Revenues 10,954,907.36 Cost of Goods Sold Baked Cost of Goods Sold Merchandise 88,994.79 Total Cost of Goods Sold 11,043,902.15 Gross Profit 22,962,050.80 Operating Expenses 1,556,731.95 2,604,526.23 263,224.56 20,353.05 211,757.65 Rent Expense Wages Expense Misc. Supplies Expense Repairs and Maintenance Business License Expense Misc. Expense 91,171.08 654,520.00 Depreciation Expense 2,937.69 Insurance Expense 160,413.49 484,703.27 50,821.34 Advertising Expense Interest Expense Telephone Expense Pension Expense 107,041.70 43,718.91 Retired Employees Health Ins. 2,500.00 Patent Amortization Total Operating Expenses: 6,364,420.92 Operating Income 16,597,629.88 Income Taxes 4,168,847.62 Deferred tax Expense 52,325.25 Total Tax Expense 4,221,172.87 Net Income 12,376,457.01 Unrealized Gain/(Loss) on Marketable Securities Held for Sale 265,000.00 Comprehensive Income 12,111,457.01 Statement of Retained Earnings For Year Ended 12/31/20XX Beginning Balance: plus Comprehensive Income 2,213,122.59 12,111,457.01 less Dividends: Preferred 50,000.00 Common 5,250,000.00 9,024,579.60 Ending Balance Peyton Approved Earnings per Share For Year Ended 12/31/20XX Net Income Less: Preferred Dividends Earnings Available to Common Shareholders Common Shares Outstanding Basic EPS If all preferred shares are converted: Net Income Additional Common Shares Common Shares Outstanding after conversion EPS if preferred shares converted Preferred shares are antidilutive If all bonds are converted: Net Income Less: Preferred Dividends Add back interest on bonds, net of income tax Earnings Available to Common Shareholders Additional Common Shares Common Shares Outstanding after conversion Fully diluted EPS Peyton plans to raise $1,000,000 million of additional capital for the coming year. They anticipate that it will enable them to earn an additional $600,000 after tax. What would be the impact on earnings per share if the raise the $1,000,000 by: |a) issuing 10,000 share of 10% $100 par value convertible preferred stock, where share can be coverted into 10 shares of Peyton common stock? b) issuing $1,000,000 of 8% convertible bond, each $1,000 bond can be converted into? 5 shares of Peyton common stock? c) $500,000 of each of the above? Net Income Less: Preferred Dividends Earnings Available to Common Shareholders Common Shares Outstanding Basic EPS If all preferred shares are converted: a Net Income Additional Common Shares Common Shares Outstanding after conversion EPS if preferred shares converted Preferred shares are antidilutive If all bonds are converted: b Net Income Less: Preferred Dividends Add back interest on bonds, net of income tax Earnings Available to Common Shareholders Additional Common Shares Common Shares Outstanding after conversion