Oracle corporation reported the following earnings per share information in its 2016 form 10-k. the company has only one class of stock outstanding. ($ in millions)

net income

$8,901

dividends to common shareholders

$2,541

weighted average common shares outstanding

4,221

weighted average dilutive shares

4,305

basic and diluted earnings per share were, respectively:

select one:

a. $0.30 and $0.30

b. $0.77 and $0.74

c. $1.08 and $1.06

d. $2.11 and $2.07

e. none of the above

The law firm of furlan and benson accumulates costs associated with individual cases, using a job order cost system. the following transactions occurred during july: jul. 3 charged 175 hours of professional (lawyer) time to the obsidian co. breech of contract suit to prepare for the trial, at a rate of $150 per hour. 10 reimbursed travel costs to employees for depositions related to the obsidian case, $12,500. 14 charged 260 hours of professional time for the obsidian trial at a rate of $185 per hour. 18 received invoice from consultants wadsley and harden for $30,000 for expert testimony related to the obsidian trial. 27 applied office overhead at a rate of $62 per professional hour charged to the obsidian case. 31 paid administrative and support salaries of $28,500 for the month. 31 used office supplies for the month, $4,000. 31 paid professional salaries of $74,350 for the month. 31 billed obsidian $172,500 for successful defense of the case. required: a. provide the journal entries for each of these transactions. refer to the chart of accounts for exact wording of account titles. b. how much office overhead is over- or underapplied? c. determine the gross profit on the obsidian case, assuming that over- or underapplied office overhead is closed monthly to cost of services.