Pechstein Corporation issued 2,050 shares of $10 par value common stock upon conversion of 1,060 shares of $50 par value preferred stock. The preferred stock was originally issued at $58 per share. The common stock is trading at $27 per share at the time of conversion.

Record the conversion of the preferred stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation | Debit | Credit | | | | | | | | | | | | |

On January 1, 2012 (the date of grant), Lutz Corporation issues 2,720 shares of restricted stock to its executives. The fair value of these shares is $127,500, and their par value is $10,200. The stock is forfeited if the executives do not complete 3 years of employment with the company.

Prepare the journal entry (if any) on January 1, 2012, and on December 31, 2012, assuming the service period is 3 years. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Date | Account Titles and Explanation | Debit | Credit | 1/1/12 | | | | | | | | | | | | 12/31/12 | | | | | | | |

Rockland Corporation earned net income of $717,128 in 2012 and had 171,000 shares of common stock outstanding throughout the year. Also outstanding all year was $868,000 of 10% bonds, which are convertible into 17,000 shares of common. Rockland’s tax rate is 36 percent.

Compute Rockland’s 2012 diluted earnings per share. (Round answer to 2 decimal places, e.g. $3.55.) Diluted earnings per share | | $ |

On January 1, 2012, when its $36 par value common stock was selling for $90 per share, Bartz Corp. issued $10,260,000