Question: Cullumber Corp. had $ 7 3 0 , 0 0 0 net income in 2 0 2 5 . On January 1 , 2 0

Cullumber Corp. had $730,000 net income in 2025. On January 1,2025, there were 200,000 shares of common stock outstanding. On April 1,23,400 shares were issued and on September 1, Cullumber bought 32,700 shares of treasury stock. There are 28,000 options to buy common stock at $40 a share outstanding. The market price of the common stock averaged $50 during 2025. The tax rate is 40%. In 2025, there were 44,000 shares of convertible preferred stock outstanding. The preferred is $100 par, pays an annual dividend of $3.50 per share, and is convertible into three shares of common stock. Cullumber issued $1,800,000 of 8% convertible bonds at face value during 2024. Each $1,000 bond is convertible into 30 shares of common stock. Complete the schedule and compute diluted earnings per share for 2025.(Round EPS answers to 2 decimal places, e.g.52.75 and other answers to O decimal places, e.g.5241. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g.(45).)

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