prepare the earnngs per share statement from the information from the balance sheet, retained earnings, and income statement.

Peyton Approved Income Statement For Year Ended 12/31/20XX 33,881,157.15 124,795.80 34,005,952.95 Bakery Sales Merchandise Sales Total Revenues Cost of Goods Sold - Baked Cost of Goods Sold - Merchandise Total Cost of Goods Sold Gross Profit 10.954,907.36 88,994.79 11.043,902.15 22,962,050.80 Operating Expenses: Rent Expense Wages Expense Misc. Supplies Expense Repairs and Maintenance Business License Expense Misc. Expense Depreciation Expense Insurance Expense Advertising Expense Interest Expense Telephone Expense Pension Expense Retired Employees Health Ins. Patent Amortization 1,556,731.95 2,604,526.23 263,224.56 20,353.05 211,757.65 91,171.08 654,520.00 112,937.69 160,413.49 484,703.27 50,821.34 107,041.70 43,718.91 2,500.00 Total Operating Expenses: 6,364,420.92 Operating Income 16,597,629.88 Income Taxes Deferred tax Expense Total Tax Expense 4,168,847.62 52,325.25 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 Balance Sheet As of December 31, 20XX Assets Current Assets: Cash Marketable Securities Accounts Receivable Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Misc. Supplies 1.488.999.34 5.235.000.00 7092.495.88 1.605.098.52 128,152.63 71,877.07 207,834.14 17.647.42 Liabilities and Owners' Equity Current Liabilities: Accounts Payable 1,555,212.85 Wages Payable 250,203.31 Interest Payable 21,888.22 Current Portion of Bonds Payable 1,000,000.00 Income taxes currently payable 1,042,493.16 Accrued Pension Liability 107,041.70 Accrued Employees Health Insurance 43,718.91 Lease Liability 106,589.52 Contingent Liability - Lawsuit 0.00 Deferred Tax Liability 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 4,000,000.00 Long Term/Fixed Assets: Land Building Baking Equipment Accumulated Depreciatior Net Fixed assets 250,000.00 1.250,000.00 2.387.729.52 328,282.00 Total Long Term Liabilities: 4,000,000.00 3,559,447.52 Total Liabilities: 8,179,472.92 Patent Net of Amortization 47,500.00 500,000.00 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 Earnings 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 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 Common Ending Balance 50,000.00 5,250,000.00 9,024,579.60 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: Net Income Additional Common Shares Common Shares Outstanding after conversion EPS if preferred shares converted Preferred shares are antidilutive b 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