Swifty Corporation has 311,000 no par value common shares authorized, issued, and outstanding which were all issued at $44 per share. On February 28, 2023, Swifty reacquired 8,000 shares at a cost of $42 per share. On October 20, 2023, the company purchased and cancelled an additional 6,000 shares. The purchase cost was $48 per share. Prepare the journal entries to record the reacquisition of shares. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles Debit Credit v Acti Go toNovak Ltd. provides the following information for 2023 1. Net income $568,400 2. Capital structure a) Convertible 6% bonds. Each of the 330, $1,000 bonds is convertible 330,000 into 50 common shares for the next 10 years b) Common shares, 203,000 shares issued and outstanding during the entire year 2,030,000 c) Stock options outstanding to buy 13,950 common shares at $20 per share. 3. Other information a) Bonds converted during 2023 None b) Income taxrate 30% c) Convertible debt was outstanding the entire year d) Average market price per common share during 2023 $30 e) Stock options were outstanding the entire year f) Stock options exercised during 2023 NoneCalculate basic earnings per share for 2023. (Round answer to 2 decimal places, e.g. 15.25.) Basic earnings per share $ Calculate diluted earnings per share for 2023. (Round answers to 2 decimal places, e.g. 15.25.) Security Diluted EPS Common shares Options Convertible bondsOriole Limited has net income of $3.28 million and two classes of preferred shares, in addition to common shares. Class A preferred shares are cumulative and carry a dividend of $4 per share. There are 105,000 shares outstanding throughout the year. No dividend declaration has been made and no dividends have been paid during the year. Class B preferred shares are non-cumulative and carry a dividend of $3 per share. There are 105,000 shares outstanding throughout the year and the dividends have not been declared or paid in the current year. How would the income available to common shareholders be calculated? V