Plymouth Company Holds a 90% Interest in Savannah, Inc ?
Required:
Compute Consolidated Basic and Diluted Earnings Per Share

Plymouth Company holds a 90% interest in Savannah, Inc., which was acquired in a previous year.As of the end of the current fiscal period, the following information is available:
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Assume a 50% treasury stock method effect on the stock warrants
$\begin{array}{lrr}&\text { Plymouth } & \text { Savannah } \\&\text { Company } & \text { Inc. }\\\text { Internally generated net income } & \$ 20,000 & \$ 7,000 \\\text { Weighted average common shares outstanding } & 10,000 & 4,000 \\\text { Subsidiary common stock warrants to } & & \\\quad \text { acquire } 200 \text { shares parent common stock } & &200 \\\text { Dilutive convertible bonds: } & & \\\quad \text { Dilutive convertible bonds: } & 4,000 & \\\text { Parent common stock issued on conversion } & 2,500 & \end{array}$ ?
Required:
Compute consolidated basic and diluted earnings per share for the current year; ignore income taxes.
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