Nolte Co. has 4,800,000 shares of common stock outstanding on December 31, 2024. An additional 200,000...

 

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Nolte Co. has 4,800,000 shares of common stock outstanding on December 31, 2024. An additional 200,000 shares are issued on April 1, 2025, and 480,000 more on September 1. On October 1, Nolte issued $6,000,000 of 9% convertible bonds. Each $1,000 bond is convertible into 40 shares of its common stock. No bonds have been converted. The numbers of shares to be used in computing basic earnings per share and diluted earnings per share, respectively, on December 31, 2025 are Nolte Co. has 4,800,000 shares of common stock outstanding on December 31, 2024. An additional 200,000 shares are issued on April 1, 2025, and 480,000 more on September 1. On October 1, Nolte issued $6,000,000 of 9% convertible bonds. Each $1,000 bond is convertible into 40 shares of its common stock. No bonds have been converted. The numbers of shares to be used in computing basic earnings per share and diluted earnings per share, respectively, on December 31, 2025 are

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