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Show the required presentations on the face of the income statement. (Round answers to 2 decimal places, e.g. 15.25.) Sheridan Inc. has 1.05 million common

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Show the required presentations on the face of the income statement. (Round answers to 2 decimal places, e.g. 15.25.) image text in transcribed

Sheridan Inc. has 1.05 million common shares outstanding as at January 1, 2020. On June 30, 2020.49 convertible bonds were converted into 110,000 additional shares. Up to that point, the bonds had paid interest of $300,000 after tax. Net income for the year was $1.298,988. During the year, the company issued the following: 1. June 30: 11,200 call options giving holders the right to purchase shares of the company for $30 16.200 put options allowing holders to sell shares of the company for $25 2. Sept. 30: On February 1, Sheridan also purchased in the open market 11.200 call options on its own shares, allowing it to purchase its own shares for $27. Assume the average market price for the shares during the year was $35. Your answer is correct. Calculate the required EPS numbers under IFRS. For simplicity. ignore the impact that would result from the convertible debt being a hybrid security (Round answers to 2 decimal places, eg. 15.25.) Basic EPS 1.18 $ $ Diluted EPS 1.16 Sheridan Inc. Partial Income Statement For the Year Ended December 31, 2020 Earnings Per Common Share: Basic Earnings Per Share $ $ $ Diluted Earnings Per Share $

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