Sharp Inc. is preparing its EPS presentation at December $31.$ The records of the company show the following.

Liabilities

Convertible bonds payable, $7\%($each $$1,000$ bond is convertible to $100$ shares of common stock$)...$ $$150,000$ Stockholders' Equity

Common stock, no$-$par, authorized $100,000$ shares:

Outstanding January $1,59,000$ shares $...................................................................................$

Sold and issued $10,000$ shares on April $1.................................................4000$

Preferred stock, $$10$ par, $6\%,$ cumulative, convertible $($each share is convertible into $0\mathrm{.}50$ share of common stock$),$ authorized $10,000$ shares, outstanding during the year, $5,000$ shares.......... $50,000$ Contributed capital in excess of par, preferred stock $........................................................$ Retained earnings

Additional data

Stock options: $4,000$ options with an option price of $$4$ per share; average market price of the common stock during the year, $$6.$

Convertible bonds: issued at face value.

Net income: $$130,000.$

Income tax rate, $25\%.$