Bramble Corp. had 2500000 shares of common stock outstanding on January 1 and December 31, 2021. In connection with the acquisition of a subsidiary company in June 2020, Bramble is required to issue 96000 additional shares of its common stock on July 1, 2022, to the former owners of the subsidiary. Bramble paid $195000 in preferred stock dividends in 2021, and reported net income of $3470000 for the year. Bramble's diluted earnings per share for 2021 should be (rounded to the nearest penny)

$1.47

Explanation:

Diluted earnings per share = Earnings before preferred stock dividends ÷ Weighted Average Number of Common Stock Outstanding

where,

Earnings before preferred stock dividends is calculated as :

Net Income                                                                   $3,470,000

Add Preferred Stock Dividends                                      $195,000

Earnings attributable to Common Stock holders      $3,665,000

Weighted Average Number of Common Stock Outstanding is calculated as :

Outstanding end of  the year                                        2,500,000 shares

therefore,

Diluted earnings per share = $3,665,000 / 2,500,000 shares = $1.47

if you use only 25 for your entertainment and only 200 for the groceries that you really need and take out the 50 per month for the computer then that should be enough

answernet income for 2017 will be greater if the inventory quantity declines;