The Apple Company owns $85\%$ of Baker Company which it purchased at book value when all assets had book values equal to fair market values. Baker does not pay dividends.

In $2023$ Apple and Baker had the following;

Income before taxes $($unconsolidated$)$ Apple $$1,000,000$ Baker $$110,000$

Taxes: $10\%$ of first $100,00020\%$ on next $500,00030\%$ beyond $600,000$

REQUIRED: USING BOTH METHODS DETERMINE NCI INCOME FOR $2023$

Part $2$: The Cookie Company owns $100\%(2000$ of the $2000$ shares of Donut Company. Information for Cookie and Donut are as follows:

Shares common stock: Cookie $40000$ Donut $2000$

Shares of $20\%$ $$50$ par preferred stock Cookie $0$ Donut $100$

Income after taxes but before dividends: Cookie $$100,000$ Donut $ $19,000$

Situation a: Donut$$s preferred stock in non$-$convertible cumulative

Calculate Cookie$$s earnings per share

Situation b: Donut$$s each share of Donut$$s preferred stock can be converted into $4$ shares of common stock

Calculate Cookie$$s earnings per share.