23. When computing earnings per share, noncumulative preferred dividends not declared should be: a. Ignored. b. Deducted from earnings for the year. C. Added to earnings for the year. d. Deducted, net of tax effect, from earnings for the year. 24. On June 30, year 1, the balance sheet for the partnership of Coll, Maduro, and Bernie, together with their respective profit and loss ratios, were as follows: Assets, at cost $180,000 Coll, loan $ 9,000 Coll, capital (20%) 42,000 Maduro, capital (20%) 39,000 Bernie, capital (60%) 90,000 Coll has decided to retire from the partnership. By mutual agreement, the assets are to be adjusted to heir fair value of $216,000 at June 30, year 1. It was agreed that the partnership would pay Coll $61,200 cash for Coll's partnership interest, including Coll's loan which is to be repaid in full. No goodwill is to be recorded. After Coll's retirement, what is the balance of Maduro's capital account? a. $36,450 b. $39,000 C. $45,450 d. $46,200 25. When Mill retired from the partnership of Mill, Yale, and Lear, the final settlement of Mill's interest exceeded Mill's capital balance. Under the bonus method, the excess a. Was recorded as goodwill b. Was recorded as an expense C. Reduced the capital balances of Yale and Lear d. Had no effect on the capital balances of Yale and Lear