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Sunland Company has 4900000 shares of common stock outstanding on December 31, 2020. An additional...

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Accounting

Sunland Company has 4900000 shares of common stock outstanding on December 31, 2020. An additional 205000 shares are issued on April 1, 2021, and 477000 more on September 1. On October 1, Sunland issued $6060000 of 10% convertible bonds. Each $1,000 bond is convertible into 40 shares of common stock. No bonds have been converted. The number of shares to be used in computing basic earnings per share and diluted earnings per share on December 31, 2021 is

5212750 and 5212750.

5983350 and 5423350.

5212750 and 5273350.

5212750 and 3153350.

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