Question 21 O words 12 pts Presented below is the information related to the Jenner Corporation 1. Capital Structure: a.Preferred stock, 6% cumulative and convertible $30 par, 5,000 shares issued and outstanding. The preferred stock was convertible into 4,180 shares of common stock. b.Convertible, par 6% bonds. The bonds were issued at face value totaling $350,000 and each $1,000 bond is convertible into 20 shares of common stock. c.16,000 stock options outstanding all year. Each option can be used to purchase 1 share of common stock for $8 per share. The average price of common stock during the year was $9.00 per share and the year-end price was $9.50 per share. d. January 1: 600,000 shares authorized common stock $1 par,40,000 common shares outstanding April 1: Declared and issued a 2-for-1 stock split on the common stock. June 1:Reacquired 15,000 shs common as treasury stock September 1: 3,000 shares common stock issued 2. Additional information: Net Income $165,000 No dividends declared or paid Tax rate 30% REQUIRED: Assume the items in a. through c. above have already been adjusted for the stock dividend.NOTE: Carry out your answers to 4 decimal places. Required: a. Calculate weighted average shares outstanding. b. Calculate basic earnings per share. c. Calculate diluted earnings per share. d. Show me what is required to be disclosed on the income statement for earnings per share. D BIUA AIE, EE IT 12pt Paragraph HTML Editor