Question: At December 3 1 , 2 0 2 2 , Gary King Ltd . had 9 1 4 0 0 0 common shares outstanding (

At December 31,2022, Gary King Ltd. had 914000 common shares outstanding (no preferred shares issued). On September 1,2023, an additional 294000 common shares were issued. In addition, Gary King had \$9995000(par value)6\% convertible bonds outstanding at December 31,2022, which are convertible into 612000 common shares. No bonds were converted in 2023. Net income for calendar 2023 was \(\$ 3753890\). Assuming the income tax rate is \(30\%\), the diluted earnings per share for 2023 is \$2.57.\$2.67.\$3.77.\$2.32.
At December 3 1 , 2 0 2 2 , Gary King Ltd . had 9

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