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Earnigs per share; does any one have calculation for earnings per share? Please see spreadsheet below.

Peyton plans to raise $1,000,000 million of additional capital for the coming year. They anticipate
that it will enable them to earn an additional $600,000 after tax. What would be the impact on
earnings per share if the raise the $1,000,000 by:
	a) issuing 10,000 share of 10% $100 par value convertible preferred stock, where share
	can be coverted into 10 shares of Peyton common stock?
	b) issuing $1,000,000 of 8% convertible bond, each $1,000 bond can be converted into?
	5 shares of Peyton common stock?
	c) $500,000 of each of the above?
	Net Income
	Less: Preferred Dividends
	Earnings Available to Common Shareholders
	Common Shares Outstanding
		Basic EPS
a	If all preferred shares are converted:
	Net Income
	Additional Common Shares
	Common Shares Outstanding after conversion
	EPS if preferred shares converted
		Preferred shares are antidilutive
b	If all bonds are converted:
	Net Income
	Less: Preferred Dividends
	Add back interest on bonds, net of income tax
	Earnings Available to Common Shareholders
	Additional Common Shares
	Common Shares Outstanding after conversion

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