201'4 Bonds payable. 5% $23. 648 Convertible bonds payable . 4% 10.000 Common Stock 10.957 5. 500,000 Contributed Surplus - Common Stock Repurchases...
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201'4Bonds payable. 5%$23. 037. 648Convertible bonds payable . 4%10. 430.000Common Stock10. 170.9575. 500,000Contributed Surplus - Common Stock RepurchasesContributed Surplus - Stock Options270. 200203, 200Retained Earnings8. 360. 043$.974,000Compensation expense - stock optionsInterest expense*2.560.000Additional Information -1 .The company has two stock option plans .Plan A104 : this plan vested on January 1. 20 x5 and comprises of $8, 000vested stock options at an Exercise Price of $ 12. Each stock option has amarket value of $3. 50 . The exercise period for these options ends on June30, 2026. On March 1 , 20x5 , one half of the stock options were exercisedwhen the stock price was $38Plan AIDS : this plan was granted on June 30, 20*4. A total of 100.0.00stock options were granted at an exercise price of $15 . The total fair value*of the plan was estimated at $240.0010 . The options vest on June 30, 20.20.On December 3 1 , 2025, management estimated that $4% of the stockoptions would vest .`2.In addition to the exercise of stock options above , the following common stocktransactions occurred during 2025 -Feb 15 issued 100,000 shares at $35July 1 repurchased and retired 140.000 shares at $32Nor I issued $0. 000 shares*There were 790.000 common shares outstanding at December 31 , 20184 .3 .The net income for the year was $3. 450.0.004The dividends payable account increased by $ 450. 0100 during the year25.The bonds payable were issued on December 3 1 , 20 x10 and mature on December*31 , 20 x20. The bonds pay interest on June 30 and December 31 . The face value ofthe bonds is $25,000.000 .Q .The convertible bonds were issued on June 30, 2025 and for total proceeds of$10. 430.000. If the bonds were not convertible , they would have yielded 3. 8%/.The bonds pay interest on June 30 and December 3 1 and mature on June 30 .20* 20. The face value of the bonds is $ 10.010.0.000 .The interest payable account decreased by $35, 600 during the year .
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