This math makes no sense: Shares = Offers remarkable before the issuance +...

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Accounting

This math makes no sense:
Shares = Offers remarkable before the issuance + shares gave
=1,368,000+($600,000$1,00036 shares )
=1,513,000+21,600
=1,534,600
On June 1,2023, Skysong Company and Concord Company merged to form Marigold Inc. A total of 769,000 shares were issued to complete the merger. The new corporation reports on a calendar-year basis. On April 1,2025, the company issued an additonal 599,000 shares of stock for cash. All 1,368,000 shares were outstanding on December 31,2025. Marigold Inc. also issued $600,000 of 20-year, 8% convertible bonds at par on July 1,2025. Each $1,000 bond converts to 36 shares of common at any interest date. None of the bonds have been converted to date. Marigold Inc. is preparing its annual report for the fiscal year ending December 31,2025. The annual report will show earnings per share figures based upon a reported after-tax net income of $1,688,000.(The tax rae is 20%.) Determine the following for 2025. a. the number of shares to be used for calculating: (round answers to 0 decimal places, e.g.2,500.)1. Basic earnings per share_____shares, 2. Diluted earnings per share ____shares, b. The earnings fiigures to be used for calculating: (Round answers to 0 decimal places, e.g.2,500.),1. Basic earnings per share $_____,2. Diluted earnings per share $_____
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