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7. Dulce Corporation had 180.000 shares of common stock outstanding during the current year. There were also fully vested options for 14.000 shares of common stock were granted with an exercise price of $20. The market price of the common stock averaged $25 for the year. Net income was $4.6 million. What is diluted EPS? (Round your answer to 2 decimal places.) a $25.16. b. $25.56. c. $27.71. d. $23.71. 8. On January 1, 2018, Hage Corporation granted incentive stock options to purchase 27,000 of its common shares at $9 each. The options are exercisable after one year. The market price of common averaged $12 per share during the quarter ending on March 31, 2018. There was no change in the 235,000 shares of outstanding common stock during the quarter ended March 31, 2018. Net income for the quarter was $9,168. The number of shares to be used in computing diluted earnings per share for the quarter is: (Round your final answer to whole number.) a. 255,250. b. 262,000. c. 241,750. d. 235,000. Part Une! V pien 1. On December 31, 2018, L Inc. had a $1,000,000 note payable outstanding, due July 31, 2019. L borrowed the money to finance construction of a new plant. L planned to refinance the note by issuing long-term bonds. In February 2019, L completed a $1,500,000 bond offering. L will use the bond offering proceeds to repay the note payable at its maturity and to pay construction costs during 2019. On March 13, 2019, L issued its 2018 financial statements. What amount of the note payable should L include in the current liabilities section of its December 31, 2018, balance sheet? SO b. S500,000 c. $1,000,000 $1,500,000

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