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meters and we are in the base how ended for ed them The company based on meie care sursember 2017 we had been 2. The per share of them when we Price Share My1.2010 32000 Aur. 1.2020 21 00 Apr 1, 2000 2500 My 1.2020 1100 A 2000 1050 Nov 1.2020 0.00 Dec 31, 2000 10.00 2. A total of 700.000 shares of an who 1.2 millionele probere shares haben und on May 1, 2016. The shores resuda 21 de acumulative dividend of per hare The whare are converted common shares at the rate of one care preferred the forme common Dividends we paid Quarterly on feptember 30 December 31, March 31, and are 30 Dumond Corporation is to a 30% income tax rate 8. The attestas not income for the year ended December 31, 2020, was 51.000.000 The following specific activities took place during 2020 April 1: A total of 400.000 stures of S4 convertible preferred shares were converted into common whare. The comany issued common shares and find the preferred share. This was the only conversion of the preferred sures during 2020 May 1: A5% Common stock didend was issued wy. Afonsol the comments became effective de this date. The board of director had authorised the spit on June 1 1) August A of 300.000 common shares were ud to squire a factory building November 1 A total of 24.000 common shares were purchased on the open markets per share and cancelled Cash dividends to common shartholders were declared and paid as follows April 15 $0 30 per October 18 30 20 persone Canh dividends 10 pretened stwholes were declared and said as scheduled (erty Required: a. Determine the number of shares to use in calculating basic earnings per share for the year ended December 31, 2020. (6.5 Marks) b. Calculate the adjusted net income amount to use as the numerator in the basic earnings per share calculation for the year ended December 31, 2020. (5.5 Marks) meters and we are in the base how ended for ed them The company based on meie care sursember 2017 we had been 2. The per share of them when we Price Share My1.2010 32000 Aur. 1.2020 21 00 Apr 1, 2000 2500 My 1.2020 1100 A 2000 1050 Nov 1.2020 0.00 Dec 31, 2000 10.00 2. A total of 700.000 shares of an who 1.2 millionele probere shares haben und on May 1, 2016. The shores resuda 21 de acumulative dividend of per hare The whare are converted common shares at the rate of one care preferred the forme common Dividends we paid Quarterly on feptember 30 December 31, March 31, and are 30 Dumond Corporation is to a 30% income tax rate 8. The attestas not income for the year ended December 31, 2020, was 51.000.000 The following specific activities took place during 2020 April 1: A total of 400.000 stures of S4 convertible preferred shares were converted into common whare. The comany issued common shares and find the preferred share. This was the only conversion of the preferred sures during 2020 May 1: A5% Common stock didend was issued wy. Afonsol the comments became effective de this date. The board of director had authorised the spit on June 1 1) August A of 300.000 common shares were ud to squire a factory building November 1 A total of 24.000 common shares were purchased on the open markets per share and cancelled Cash dividends to common shartholders were declared and paid as follows April 15 $0 30 per October 18 30 20 persone Canh dividends 10 pretened stwholes were declared and said as scheduled (erty Required: a. Determine the number of shares to use in calculating basic earnings per share for the year ended December 31, 2020. (6.5 Marks) b. Calculate the adjusted net income amount to use as the numerator in the basic earnings per share calculation for the year ended December 31, 2020. (5.5 Marks)

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