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Required information On January 1 of the current year, a company had the following securities in its capital structure: Common stock: 500,000 shares authorized; 150,000

Required information On January 1 of the current year, a company had the following securities in its capital structure: Common stock: 500,000 shares authorized; 150,000 shares issued and outstanding Bonds: $600,000 of convertible 13.0% bonds previously issued at face value. Each $1,000 bond is convertible into 35 common shares. Additional information: .Net income for the year was $500,000. The income tax rate was 25%. The company declared and paid cash dividends of $140,000 to common shareholders during the year. Use the information above to answer the questions below. What is the numerator of Diluted EPS? (Click to select) $558,500 $500,000 $418,500 $578,000 $519,500

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