Paradise travels is an all-equity firm that has 6,000 shares of stock outstanding at a market price of $34 a share. the firm's management has decided to issue $40,000 worth of debt and use the funds to repurchase shares of the outstanding stock. the interest rate on the debt will be 7 percent. what are the earnings per share at the break-even level of earnings before interest and taxes? ignore taxes.

The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.