At the end of 2020, the records of Block Corporation reflected the following.

Required

a. What EPS presentation is required-basic, diluted, or both?

b. Compute the required EPS amounts.

c. Compute the required EPS amounts, assuming that the preferred stock is cumulative.

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Common stock, $5 par, authorized 500,000 shares Outstanding January 1, 2020, 400,000 shares. $2,000,000 Sold and issued April 1, 2020, 2,000 shares... 10,000 Issued 5% stock dividend, September 30, 2020; 20,100 shares 100,500 Preferred stock, 6%, $10 par, nonconvertible, noncumulative, authorized 50,000 shares, outstanding during year, 20,000 shares 200,000 Paid-in capital in excess of par, common stock 180,000 Paid-in capital in excess of par, preferred stock. 100,000 Retained earnings (after the effects of current preferred dividends declared during 2020). 640,000 Bonds payable, 6.5%, nonconvertible, issued at par January 1, 2020. 1,000,000 Net income.. 164,000 Income tax rate, 25%