The following is a problem and its solution and explanation.

Please show where/how the following was calculated

1) Contribution to consolidated EPS from Evans Company ($30,000 / 10,000) 6,000 shares- Is the $30,000 net income and the 10,000 shares? how did they get 6,000 shares?

2) Consolidated earnings per share for 20X2 ($63,000 / 30,000 shares)- Where does 63,000 come from and how did they get 30,000 shares

3) Contribution to consolidated EPS from Evans Company:- is the 10,000 shares + 10,000 shares the same shares twice. is 200,000 retained earnings?

4) Consolidated earnings per share for 20X2 ($57,600 / 30,000 shares)- where does 57,600 come from and where does 30,000 shares come from?

Crystal Corporation owns 60 percent of Evans Company's common shares. Balance sheet data for the companies on December 31, 20X2, are as follows Crystal Evans Corporation Company Assets Cash Accounts Receivable Inventory Buildings and Equipment Less: Accumulated Depreciation Investment in Evans Company Stock S 85,000 S30,000 50,000 100,000 400,000 (80,000) 80,000 120,000 700,000 (240,000) 150,000 Total Assets S 895,000 500,000 Liabilities and Owners' Equity Accounts Payable Bonds Payable Common Stock ($10 par value) Retained Earnings S 145,000 S50,000 200,000 100,000 150,000 250,000 300,000 200,000 Total Liabilities and Owners' Equity S 895,000 500,000 The bonds of Crystal Corporation and Evans Company pay annual interest of 8 percent and 10 percent, respectively. Crystal's bonds are not convertible. Evans' bonds can be converted into 10,000 shares of its company stock any time after January 1, 20X1. An income tax rate of 40 percent is applicable to both companies. Evans reports net income of $30,000 for 20X2 and pays dividends of $15,000. Crystal reports income from its separate operations of $45,000 and pays dividends of $25,000. Required: Compute basic and diluted EPS for the consolidated entity for 20X2. (Round your answers to 2 decimal places.) Basic eamings per share Diluted earnings per share S 2.10 S 1.92