I need to find the income using the 
Proprietary theory
Entity theory (orthodox view)
Entity theory (unorthodox view)
Residual theory

Using the follwing data:


Revenues  $ 1,000,000 
Operating Expenses  
- Cost of goods sold $ 400,000  
- Depreciation 100,000  
- Salaries and wages 200,000  
Bond interest (8% debentures sold at maturity value of $1,000,000)  80,000 
Dividends declared on 6% preferred stock (par value $500,000)  30,000 
Dividends declared of $5 per share on common stock (20,000 shares
outstanding)  100,000

How would I go about this?

Would any of the answers change if the preferred stock is convertible
at any time at the ratio of 2 preferred shares for 1 share of common
stock?