The following information pertains to B Company's outstanding stock for 2021:

Common stock, $1 par
Shares outstanding, 1/1/2021	10,000
2 for 1 stock split, 4/1/2021	10,000
Shares issued, 7/1/2021	5,000
Preferred stock, $100 par, 7% cumulative
Shares outstanding, 1/1/2021	4,000

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What is the number of shares B should use to calculate 2021 basic earnings per share?

A. 20,000.

B. 25,000.

C. 22,500.

D. 27,000.

Farrell Company reported the following ($ in thousands) as of December 31, 2021. All accounts have normal balances.

Deficit (debit balance in retained earnings)	$	3,000
Common stock		2,000
Paid-in capitalshare repurchase		1,000
Treasury stock (at cost)		400
Paid-in capitalexcess of par		30,000

During 2022 ($ in thousands), net income was $9,000; 25% of the treasury stock was resold for $450; cash dividends declared were $600; cash dividends paid were $500.

What ($ in thousands) was shareholders' equity as of December 31, 2021?

A. $28,600.

B. $35,600.

C. $30,400.

D. $29,600.

Saul Company . issued $10,000 of bonds on January 1, 2021. The bonds pay interest semi-annually. This is a partial bond amortization schedule for the bonds.

Payment	Cash			Effective interest			Decrease in balance			Outstanding balance
											9,080
1		400			409			9			9,089
2		400			409			9			9,098
3		400			409			9			9,107
4		400

What is the interest expense on the bonds for the year ended December 31, 2022?

A. $800.

B. $809.

C. $818.

D. $819.