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

Required

a. Is this a simple or a complex capital structure?

b. Compute the required EPS amounts.

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Common stock, $10 par; authorized 100,000 shares: issued and outstanding throughout the year, 50,000 shares. Preferred stock, $50 par, 7%, cumulative, convertible into common stock, share for share; authorized, 10,000 shares; issued and outstanding throughout year, 2,000 shares. Contributed capital in excess of par, common stock.... Retained earnings (no dividends declared during the year). Bonds payable, 10% nonconvertible, issued at par in 2016. Net income.... Stock options outstanding (all year for 10,000 shares of common stock at $15 per share). Income tax rate, 25%. Average market price of the common stock during 2020, $25 per share. $500,000 100,000 80,000 470,000 150,000 120,000