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Roadrunner Inc. shows the following data on December 31, 2022: 1. Preferred shares, $2, cumulative, each share convertible into one common share, 50,000 shares authorized,
Roadrunner Inc. shows the following data on December 31, 2022: 1. Preferred shares, $2, cumulative, each share convertible into one common share, 50,000 shares authorized, 35,000 shares issued and outstanding throughout 2022 $1,750,000 2. Common shares, unlimited number authorized; issued and outstanding shares on January 1, 2022 was 60,000 ; issued another 120,000 shares on May 1,2022 $800,000 3. Convertible bonds payable, 8% coupon rate; each $1,000 bond is convertible into 40 common shares $1,000,000 4. Bond payable, 6% coupon rate $2,000,000 5. Warrants, 20,000; each warrant plus $30 entitles the holder to receive one common share $60,000 6. 100,000 rights; 10 rights plus $25 allows the holder to receive a common share 7. Net income for the year ending December 31,2022 8. Discontinued operation - gain, net of tax 9. Average market value per common share during 2022 10. The income tax rate is 30%. 11. The convertible bonds, warrants, and rights were outstanding throughout 2022. Required: Show the required earnings per share presentation on December 31, 2022
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