Question: Need help solving this income statement. Need to know if I am doing it right and how can I do the rest of it. Need
Need help solving this income statement. Need to know if I am doing it right and how can I do the rest of it. Need the guidelines to finish this homework.

Everything, Inc. year ended December 31, 2015 30% income tax rate $ 10 par value of common stock 1,000,000 shares outstanding for entire year Income before leases and depreciation Lease and depreciation expense Income before interest and taxes interest expense Income before taxes and after interest Tax expense Net income A B C $ 10,000,000 ### $ $ 2,500,000 $ 2,500,000 $ $ 7,500,000 $ 7,500,000 $ $ 4,000,000 $ 2,400,000 $ $ 3,500,000 $ 5,100,000 $ $ 1,050,000 $ 1,530,000 $ $ 2,450,000 $ 3,570,000 $ Basic earnings per share Fully diluted earnings per share $ $ Required: 2.45 $ 2.45 $ D 10,000,000 5,160,000 4,840,000 840,000 4,000,000 1,200,000 2,800,000 3.57 $ 1.05 $ Issues debenture bonds December 31, 2015 40,000 bonds $1,000 maturity value per bond 10% stated interest rate 12% annual market interest rate 12 year, paid annually $ 35,000,000 asset purchased 12 year useful life $ 5,000,000 salvage value B Issues debenture convertible bonds December 31, 2015 40,000 bonds $1,000 maturity value per bond 6% stated interest rate 8% annual market interest rate 12 year, paid annually 100 shares of stock for each bond $ 35,000,000 asset purchased 12 year useful life $ 5,000,000 salvage value C lease -operating December 31, 2015 $ 6,000,000 at end of each o 12 years 14% annual market rate of interest $ lease -capital Cumulative Preferred stock $ Preferred stock with detachable warrants 15 year useful life 4,000,000 salvage value at end of lease 1,000,000 salvage value at end of life December 31, 2015 300,000 shares $ 100 par value 10% preferred dividend rate $ $ F. 15 year useful life 100,000,000 salvage value December 31, 2015 $ 6,000,000 at end of each o 12 years 14% annual market rate of interest $ $ E. G ### $ 10,000,000 2.80 2.80 Using the excel input file provided, complete the above partial income statement for each of the independent scenerios of financing an asset purchase as listed below. Show sup A D E F ### $ 10,000,000 115 selling price of each bond 35,000,000 asset purchased 12 year useful life 5,000,000 salvage value December 31, 2015 300,000 shares $ 100 par value 6% preferred dividend rate 30 warrants per share 2 share of common stock per warrant $ 35 exercise price $ 40 current average market price. $ 115 selling price of each bond $ $ G. Cumulative convertible preferred stock 35,000,000 asset purchased 12 year useful life 5,000,000 salvage value December 31, 2015 300,000 shares $ 100 par value 4% preferred dividend rate $ 115 selling price of each bond 60 shares of common stock for each preferred share $ 35,000,000 asset purchased 12 year useful life $ 5,000,000 salvage value pporting schedules for all numbers required to complete this statement. Be sure your results will change correctly if the input numbers are changed. Everything, Inc. year ended December 31, 2015 30% income tax rate $ 10 par value of common stock 1,000,000 shares outstanding for entire year Income before leases and depreciation Lease and depreciation expense Income before interest and taxes interest expense Income before taxes and after interest Tax expense Net income Basic earnings per share Fully diluted earnings per share A B C D E F G $ 10,000,000 $ 10,000,000 $ 10,000,000 $ 10,000,000 $ 10,000,000 $ 10,000,000 $ 10,000,000
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