a.

Based on the informationprovided, compute basic and diluted earnings per share for the current year. Include all computations related to the application of antidilution sequencing if needed.

b.

Prepare the required income statement disclosures beginning with loss from continuing operations.

i Requirements X i Partial balance sheet X % income tax rate. a. Based on the information provided, compute basic and diluted earnings per Partial Balance Sheet Current Year share for the current year. Include all computations related to the application Liabilities: of antidilution sequencing if needed. 7% Convertible Debt - issued at $1,000 par(1) $8, 117,000 b. Prepare the required income statement disclosures beginning with loss from continuing operations. Stockholders' Equity: $5,200,000 are (EPS) for the cur Common Stock, no par (1,034,000 shares issued and outstanding)(2) 4,240,000 Print $2 Convertible Preferred Stock, $100 par value (42,400 shares issued and Done es and ranking their nearest cent, $X.XX. outstanding)) Additional Paid-in Capital - Stock Options (employee options to acquire 250,875 (1,912,500) Increase in the Incremental Rank Order of shares)(4) EPS Partial Income Statement - X Footnotes to the Balance Sheet: otentially Dilutive S i on (1) Each bond is convertible into 84 shares of common stock. The bonds are outstanding all year. onvertible debt (2) The number of shares issued and outstanding did not change throughout the year. onvertible preferred Partial Income Statement Current Year (3) Each preferred share is convertible into eight shares of common stock. The firm declared preferred dividends. The preferred stock was outstanding all year. mployee options Loss from Continuing Operations, net of tax $ (1,250,690) (4) The options are exercisable at $14 per share and the average market price of the company's stock Discontinued Operations-Income, net of tax 3,034,030 for the year is $35. The options were outstanding all year. $ Net Income 1,783,340 Print Done Print Done oose from any list or enter any number in the input fields and then click Check