Question: On December 3 1 , 2 0 2 1 , Ambient Corporation had 2 0 0 , 0 0 0 shares of common stock outstanding.
On December Ambient Corporation had shares of common stock outstanding. On July Ambient issued an additional shares for cash. On January Ambient issued shares of convertible preferred stock. The preferred stock had a par value of $ per share and paid a dividend. Each share of preferred stock is convertible into shares of common.During Ambient paid the regular annual dividend on the preferred and common stock. Net income for the year was $Required:Calculate Ambient's basic and diluted earnings per share for Hint: you may assume that the amount of dividends paid in was sufficient to satisfy any commitment to preferred stockholdersRound your answers to decimal places. For example, would be written as Earning perShareBasicDiluted
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