I need to get the solution for this problem

I need to get the solution for this problem

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Excel Assignment – Ch 18 & 19
I. In 20×0 Bon Enterprises issued, at par, 60, $1,000, 8% bonds, each convertible into
100 shares of common stock.
Bon had revenues of $17,500 and expenses other than
interest and taxes of $8,400 for 20×1 (assume that the tax rate is 40%). Throughout
20×1, 2,000 shares of common stock were outstanding; none of the bonds was
converted.
Required:
a) Compute basic and diluted EPS for 20×1.
b) Assume the same facts as for part 1), except that the 60 bonds were issued on
September 1, 20×1 (rather than 20×0), and none of them was converted.
Compute basic and diluted EPS for 20×1.
II. Assume that the following data relative to Metro Co. for 20×1 is available:
Net Income (30% tax rate): $3,200,000
Transactions in common shares
1/1
Beginning number
1,000,000 shares
3/1
Purchase of treasury shares
(60,000)
6/1
Stock split, 2 for 1
11/1
Issuance of shares
120,000
9% cumulative convertible preferred stock
Sold (in 20×0) at par, convertible into 200,000 shares of common
$1,000,000
Stock options
Exercisable at the option price of $25 per share.
Average market price in 20×1 is $30.
60,000 shares
Compute the basic and diluted EPS for 20×1.

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III. Some of the account balances of Mali Company at December 31, 20×0 are shown
below:
6% Preferred Stock ($100 par, 2,000 shares authorized)
$
20,000
PCIEP, Preferred
3,000
Common Stock ($10 par, 100,000 shares authorized)
500,000
PCIEP, Common
100,000
Retained Earnings
304,000
Treasury Stock-Preferred (50 shares at cost)
5,500
Treasury Stock-Common (1,000 shares at cost)
16,000
The price of the company’s common stock has been increasing steadily on the market; it
was $21 on January 1, 20×1, advanced to $24 by July 1, and to $27 at the end of the year
20×1.
The preferred stock was not openly traded, but was appraised at $120 per share
during 20×1.
1)
Give the proper journal entries for each of the following occurred in 20×1:
(a) The company declared a property dividend on April 1.
Each common
stockholder was to receive one share of Washington for every 10 shares
outstanding.
Mali had 8,000 shares of Washington (2% of total
outstanding stock) which was purchased a few weeks ago for $68,400.
The market value of Washington stock was $16 per share on April 1.
Record appreciation only on the shares distributed.
(b) The company resold the 50 shares of preferred stock held in the treasury
for $116 per share.
(c) On July 1, the company declared a 5% stock dividend to the common
stockholders.
(d) On October 1, the company incurred a fire loss of $7,000 to its warehouse
(ordinary loss).
(e) On October 15, the company declared a cash dividend of $100,000.
Assume the preferred stock is non-cumulative.
2)
Prepare the stockholders’ equity section of the balance sheet at December 31, 20×1

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