On november 2, 20x2, fox, inc. issued warrants to its stockholders giving them the right to purchase additional $20 par value common shares at a price of $30. the stockholders exercised all warrants on march 1, 20x3. the shares had market prices of $33, $35, and $40 on november 2, 20x2, december 31, 20x2, and march 1, 20x3, respectively. what were the effects of the warrants on fox's additional paid-in capital and net income?

Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.