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  3. ivanhoe corporation had nat income of $49,000 for

Ivanhoe Corporation had nat income of $49,000 for the year ended Dacamber...

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Accounting

Ivanhoe Corporation had nat income of $49,000 for the year ended Dacamber 31,2023, and waighted avarage number of common
shares outstanding of 10,000. The following information is provided resarding the capital structure:
696 comvertible dabt, 260 bands each convertible into 46 common shares. The bonds were outstanding for the antire year.
The income tax rate is 4096. The bonds wers issued at par ( $1,000 par bond). No bonds ware convartad during the yaar.
296 comvertible, cumulative $100 praferred shares, 1,000 shares issued and outstanding. Each preferred share is conwertible
into 2 common shares. The preferred shares ware issued at par and were outstanding the entire year. No shares wers
convarted during the ysar.
(a1).
(a2)
(c1)
(c2)
(c3)
(c4)
(c5)
Calculate the diluted earnins per share for 2023, using the if-convarted method. For simplicity, inore the racuirsmant to record
the dabt and equity components of the bonds separataly. (Round earnings per share to 2 decimal places, e.g.15.25.)
image

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