QUESTION 1 The Stockholders' Equity section of the Balance Sheet of Carpenter Corporation on December 31, 2015, showed Cumulative Preferred 8% Stock, S46 par (1,955 shares authorized, 500 shares issued); Common Stock, $23 par (29,199 shares authorized, 8,373 shares issued); and Retained Earnings of $1,104. The Notes to the Financial Statements in the Annual Corporate Report for 2015 indicate that the market values of the stock are $42 per share (Cumulative Preferred) and $17 per share (Common). Forecasts in the Annual Report also indicate that investments in future growth in 2016 are expected to result in sustained increased profits. In consideration of these matters, the Board of Directors has secured approval from the Securities and Exchange Commission for a bond issuance. The Board of Directors has also decided to forego paying dividends in 2015, and to repurchase shares of the corporation's common stock at par, with a view to reselling the stock when market rates rise with increased profitability. On January 2, 2016, S202,937 in 11 year, 7% bonds with a market interest rate of 9%, and interest payable semiannually, were issued for $183,599. On January 3, the corporation purchased 2,148 shares of its common stock at par. Profits soared during 2016, and on May 1, the corporation resold 1,543 shares of treasury stock, at $9 above par. On June 30, bond interest was paid. On December 31, the corporation showed an after tax Net Income of $56,653. On December 31, bond interest was paid; and dividends were declared and paid. Common shareholders received $2.3 per share. What is the effect of the stock and bond transactions on Cash on the Balance Sheet on December 31, 2016? QUESTION 2 The Stockholders' Equity section of the Balance Sheet of Carpenter Corporation on December 31, 2015, showed Cumulative Preferred 9% Stock, $47 par (1,485 shares authorized, 479 shares issued); Common Stock, $21 par (27,068 shares authorized, 14,426 shares issued); and Retained Earnings of $1,091. The Notes to the Financial Statements in the Annual Corporate Report for 2015 indicate that the market values of the stock are $42 per share (Cumulative Preferred) and $17 per share (Common). Forecasts in the Annual Report also indicate that investments in future growth in 2016 are expected to result in sustained increased profits. In consideration of these matters, the Board of Directors has secured approval from the Securities and Exchange Commission for a bond issuance. The Board of Directors has also decided to forego paying dividends in 2015, and to repurchase shares of the corporation's common stock at par, with a view to reselling the stock when market rates rise with increased profitability. On January 2, 2016, $216,910 in 11 year, 7% bonds with a market interest rate of 9%, and interest payable semiannually, were issued for $187,843. On January 3, the corporation purchased 2,160 shares of its common stock at par. Profits soared during 2016, and on May 1, the corporation resold 1,566 shares of treasury stock, at $9 above par. On June 30, bond interest was paid. On December 31, the corporation showed an after tax Net Income of $54,681. On December 31, bond interest was paid; and dividends were declared and paid. Common shareholders received $2.25 per share. What is the Total Stockholders' Equity on the Balance Sheet on December 31, 2016? QUESTION 3 The Stockholders' Equity section of the Balance Sheet of Carpenter Corporation on December 31, 2015, showed Cumulative Preferred 9% Stock, $45 par (1,458 shares authorized, 395 shares issued); Common Stock, $22 par (29,870 shares authorized, 12,083 shares issued); and Retained Earnings of $1,131. The Notes to the Financial Statements in the Annual Corporate Report for 2015 indicate that the market values of the stock are $40 per share (Cumulative Preferred) and $17 per share (Common). Forecasts in the Annual Report also indicate that investments in future growth in 2016 are expected to result in sustained increased profits. In consideration of these matters, the Board of Directors has secured approval from the Securities and Exchange Commission for a bond issuance. The Board of Directors has also decided to forego paying dividends in 2015, and to repurchase shares of the corporation's common stock at par, with a view to reselling the stock when market rates rise with increased profitability. On January 2, 2016, $220,536 in 10 year, 7% bonds with a market interest rate of 9%, and interest payable semiannually, were issued for $182,390. On January 3, the corporation purchased 1,836 shares of its common stock at par. Profits soared during 2016, and on M Profits soared during 2016, and on May 1, the corporation resold 1,508 shares of treasury stock, at $9 above par. On June 30, bond interest was paid. On December 31, the corporation showed an after tax Net Income of $50,648. On December 31, bond interest was paid; and dividends were declared and paid. Common shareholders received $2.31 per share. What is the Bond Interest Expense on the Income Statement on December 31, 2016? QUESTION 4 The Stockholders' Equity section of the Balance Sheet of Carpenter Corporation on December 31, 2015, showed Cumulative Preferred 8% Stock, $47 par ed); Common Stock, $22 par (28,473 shares authorized, 14,216 shares issued); and Retained Earnings of S1,022. The Notes to the Financial Statements in the Annual Corporate Report for 2015 indicate that the market values of the stock are $41 per share (Cumulative Preferred) and $17 per share (Common). Forecasts in the Annual Report also indicate that investments in future growth in 2016 are expected to result in sustained increased profits. In consideration of these matters, the Board of Directors has secured approval from the Securities and Exchange Commission for a bond issuance. The Board of Directors has also decided to forego paying dividends in 2015, and to repurchase shares of the corporation's common stock at par, with a view to reselling the stock when market rates rise with increased profitability, On January 2, 2016, $217,677 in 11 year, 7% bonds with a market interest rate of 9%, and interest payable semiannually, were issued for $186,565. On January 3, the corporation purchased 2,148 shares of its common stock at par. Profits soared during 2016, and on May 1, the corporation resold 1,545 shares of treasury stock, at $7 above par. On June 30, bond interest was paid. On December 31, the corporation showed an after tax Net Income of $53,467. On December 31, bond interest was paid; and dividends were declared and paid. Common shareholders received $2.23 per share. What is the Earnings per Share on December 31, 2016? QUESTION 1 The Stockholders' Equity section of the Balance Sheet of Carpenter Corporation on December 31, 2015, showed Cumulative Preferred 8% Stock, S46 par (1,955 shares authorized, 500 shares issued); Common Stock, $23 par (29,199 shares authorized, 8,373 shares issued); and Retained Earnings of $1,104. The Notes to the Financial Statements in the Annual Corporate Report for 2015 indicate that the market values of the stock are $42 per share (Cumulative Preferred) and $17 per share (Common). Forecasts in the Annual Report also indicate that investments in future growth in 2016 are expected to result in sustained increased profits. In consideration of these matters, the Board of Directors has secured approval from the Securities and Exchange Commission for a bond issuance. The Board of Directors has also decided to forego paying dividends in 2015, and to repurchase shares of the corporation's common stock at par, with a view to reselling the stock when market rates rise with increased profitability. On January 2, 2016, S202,937 in 11 year, 7% bonds with a market interest rate of 9%, and interest payable semiannually, were issued for $183,599. On January 3, the corporation purchased 2,148 shares of its common stock at par. Profits soared during 2016, and on May 1, the corporation resold 1,543 shares of treasury stock, at $9 above par. On June 30, bond interest was paid. On December 31, the corporation showed an after tax Net Income of $56,653. On December 31, bond interest was paid; and dividends were declared and paid. Common shareholders received $2.3 per share. What is the effect of the stock and bond transactions on Cash on the Balance Sheet on December 31, 2016? QUESTION 2 The Stockholders' Equity section of the Balance Sheet of Carpenter Corporation on December 31, 2015, showed Cumulative Preferred 9% Stock, $47 par (1,485 shares authorized, 479 shares issued); Common Stock, $21 par (27,068 shares authorized, 14,426 shares issued); and Retained Earnings of $1,091. The Notes to the Financial Statements in the Annual Corporate Report for 2015 indicate that the market values of the stock are $42 per share (Cumulative Preferred) and $17 per share (Common). Forecasts in the Annual Report also indicate that investments in future growth in 2016 are expected to result in sustained increased profits. In consideration of these matters, the Board of Directors has secured approval from the Securities and Exchange Commission for a bond issuance. The Board of Directors has also decided to forego paying dividends in 2015, and to repurchase shares of the corporation's common stock at par, with a view to reselling the stock when market rates rise with increased profitability. On January 2, 2016, $216,910 in 11 year, 7% bonds with a market interest rate of 9%, and interest payable semiannually, were issued for $187,843. On January 3, the corporation purchased 2,160 shares of its common stock at par. Profits soared during 2016, and on May 1, the corporation resold 1,566 shares of treasury stock, at $9 above par. On June 30, bond interest was paid. On December 31, the corporation showed an after tax Net Income of $54,681. On December 31, bond interest was paid; and dividends were declared and paid. Common shareholders received $2.25 per share. What is the Total Stockholders' Equity on the Balance Sheet on December 31, 2016? QUESTION 3 The Stockholders' Equity section of the Balance Sheet of Carpenter Corporation on December 31, 2015, showed Cumulative Preferred 9% Stock, $45 par (1,458 shares authorized, 395 shares issued); Common Stock, $22 par (29,870 shares authorized, 12,083 shares issued); and Retained Earnings of $1,131. The Notes to the Financial Statements in the Annual Corporate Report for 2015 indicate that the market values of the stock are $40 per share (Cumulative Preferred) and $17 per share (Common). Forecasts in the Annual Report also indicate that investments in future growth in 2016 are expected to result in sustained increased profits. In consideration of these matters, the Board of Directors has secured approval from the Securities and Exchange Commission for a bond issuance. The Board of Directors has also decided to forego paying dividends in 2015, and to repurchase shares of the corporation's common stock at par, with a view to reselling the stock when market rates rise with increased profitability. On January 2, 2016, $220,536 in 10 year, 7% bonds with a market interest rate of 9%, and interest payable semiannually, were issued for $182,390. On January 3, the corporation purchased 1,836 shares of its common stock at par. Profits soared during 2016, and on M Profits soared during 2016, and on May 1, the corporation resold 1,508 shares of treasury stock, at $9 above par. On June 30, bond interest was paid. On December 31, the corporation showed an after tax Net Income of $50,648. On December 31, bond interest was paid; and dividends were declared and paid. Common shareholders received $2.31 per share. What is the Bond Interest Expense on the Income Statement on December 31, 2016? QUESTION 4 The Stockholders' Equity section of the Balance Sheet of Carpenter Corporation on December 31, 2015, showed Cumulative Preferred 8% Stock, $47 par ed); Common Stock, $22 par (28,473 shares authorized, 14,216 shares issued); and Retained Earnings of S1,022. The Notes to the Financial Statements in the Annual Corporate Report for 2015 indicate that the market values of the stock are $41 per share (Cumulative Preferred) and $17 per share (Common). Forecasts in the Annual Report also indicate that investments in future growth in 2016 are expected to result in sustained increased profits. In consideration of these matters, the Board of Directors has secured approval from the Securities and Exchange Commission for a bond issuance. The Board of Directors has also decided to forego paying dividends in 2015, and to repurchase shares of the corporation's common stock at par, with a view to reselling the stock when market rates rise with increased profitability, On January 2, 2016, $217,677 in 11 year, 7% bonds with a market interest rate of 9%, and interest payable semiannually, were issued for $186,565. On January 3, the corporation purchased 2,148 shares of its common stock at par. Profits soared during 2016, and on May 1, the corporation resold 1,545 shares of treasury stock, at $7 above par. On June 30, bond interest was paid. On December 31, the corporation showed an after tax Net Income of $53,467. On December 31, bond interest was paid; and dividends were declared and paid. Common shareholders received $2.23 per share. What is the Earnings per Share on December 31, 2016