The Health Corporation reported net income for 2015 of $177, 500. Health began the year with 100,000 shares of $5 per value common shares outstanding 2, 500 shares of $100 per value 7% preferred shares outstanding. On October 1, Health sold 10,000 shares of common stock for $6 per share. Health paid dividends of $0.20 per share to the common shareholders in December. What is the basic earning, per share for 2015? (Round to cents) If each share of preferred stock is convertible into 8 shares of common stock, what is the diluted earnings per share for 2015? On January 1, assume that ABX Company issues $1,000,000 of 7-year. 6% bonds, the yield to maturity is 4.5%. and the interest is payable annually on December 31. Find the interest expense in the fourth year. Use the effective interest rate method for amortization. Find the carrying amount of the bond at the end of the fourth year. Use the effective interest rate method for amortization. At the beginning of the fifth year, the market yield to maturity is 5.5%. ABX Company decides to extinguish the bonds by paying the market price. Determine the amount of the gain or loss on the bond extinguishment. (Clearly indicate gain or loss and the amount.)