Question: During 2 0 2 1 , R Co . had the following two classes of stock issued and outstanding for the entire year. 4 0

During 2021, R Co. had the following two classes of stock issued and outstanding for the entire year.
400,000 shares of common stock, $1 par.
2,000 shares of 4% preferred stock, $100 par, convertible share-for-share into common slock.
R's 2021 net income was $1,800,000, and its income tax rate for the year was 25%. In the computation of diluted earnings per share for 2021, the amount to be used in the numerator is:
Multiple Choice
$1,792,000.
$1,796,000.
$1,800,000.
$1,802,400.
During 2 0 2 1 , R Co . had the following two

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