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ErrNings Company provided the following information for its share capital during 2017. Event and Date [MM/DATE] Number of Shares [/1 - Beginning...

Hello, I need help completing this practice task, it will not be submitted to anyone, it is a practice problem for myself. thank youScreen Shot 2018-06-01 at 10.30.24 AM.png

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ErrNings Company provided the following information for its share capital during 2017. Event and Date [MM/DATE] Number of Shares
[/1 - Beginning Balance 150,000 shares 6/1 - New share issue 240,000 shares 8/1 — Two-for-one stock split [0/1 - New share issue 390,000 shares
1211 - Treasury stock acquisition (48,000) shares ErrNings reported income from continuing operations of $ 1 ,300,000 and a $430,000 loss from
discontinued operations, net of tax. The company is subject to a 40% tax rate. The following
additional details are also given as follows: *The company granted 120,000 employee options to its non-managerial staff on January 1
allowing employees to acquire 120,000 common shares at $18 per share. *The company had also issued 30,000 options to its management staff allowing the holder of
each option to sell one common share at @28 to the company. *The average market price of the company’s common shares is $24 per share. *ErrNings has $500,000, 6% convertible debt outstanding as of the beginning of the year.
Each $1,000 par value bond converts into eight shares of the company's common stock.
*ErrNings has $140,000 par value, 4% convertible preferred shares outstanding for the
current year. The preferred shares can convert into 10,000 shares of common stock. *The board of directors declared the annual dividend for preferred shares on December 15.
They also declared a $3 dividends on common shares outstanding on the same date. The
declared dividends on both share groups were paid on January 25, 2018. *There were no actual exercises or conversions during the year. REQUIRED: Show all pertinent computations clearly so that these are easy to comprehend. 1]
4] 51 Compute the weighted-average number of common shares outstanding for basic earnings per
share. Compute the basic earnings per share for 2017. Determine the incremental EPS for each potential dilutive security and determine if each is
dilutive or antidilutive. Rank each potentially dilutive security according to their extent of
being dilutive. Compute the diluted earnings per share for 2017. Present your computations in a clearly
formatted statement. Prepare all required disclosures beginning with income from continuing operations.

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