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The following condensed financial statements for Hudson Corporation were prepared by the accounting.

The following condensed financial statements for Hudson Corporation were prepared by the accounting department.Hudson CorporationBalance SheetDecember 31, 2011Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . $6,850,000Liabilities:Current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,200,0006% bonds, due December 31, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600,000Stockholders’ equity:Common stock, $10 par, 250,000 shares authorized, issued and outstanding .. . . . . . 2,500,000Additional paid-in capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 750,000Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,800,000Total liabilities and stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6,850,000Instructions: Compute the basic EPS under each of the following independent assumptions (the company has a simple capital structure).1. No change in the capital structure occurred in 2011.2. On December 31, 2010, there were 160,000 shares outstanding. On May 1,2011, 60,000 shares were sold at par, and on October 1, 2011, 30,000 shares were sold at par.3. On December 31, 2010, there were 200,000 shares outstanding. On July 1,2011, the company issued a 25% stockdividend.
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The following condensed financial statements for Hudson Corporat

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