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Current Attempt in Progress During 2013, Blue Inc., a furniture store, issued two different...

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Accounting

Current Attempt in Progress
During 2013, Blue Inc., a furniture store, issued two different series of bonds, details of which follow:
First issue: ,610$100,9% bonds, at par, each convertible into 6 common shares.
Second issue: ,250$100,7% bonds, at par, each convertible into 2 common shares.
For the year ended December 31,2023, the company had net income of $76,860. Throughout 2023,3,000 common shares were
outstanding; none of the bonds were converted or redeemed. The company's tax rate was 20%.
Calculate basic earnings per share. (For simplicity, ignore the requirement to record the debt and equity portions of the
convertible bond separately).(Round answer to 2 decimal places, e.g.15.25.)
Basic earnings per share $
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Calculate the after-tax interest paid on the 9% bond.
Incremental per share $
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Calculate an incremental per share effect for the 9% bonds. (Round EPS to 3 decimal places, e.g.15.254.)
Potentially dilutive security
Incremental
Numerator Effect
Incremental
Denominator Effect
EPS
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