The following data relates to Gertron Ltd, a public company. Shares were outstanding for the entire year.

(1) Includes \(\$ 135,000\) loss on discontinued operations in case A only.

(2) If preferred shares are convertible, each preferred share is entitled to five common shares.

Required:
For each case, calculate basic and diluted EPS, as appropriate.

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Common Preferred Pref. Pref. Shares Shares Net Case Outstanding Outstanding Earnings Share Dividend Shares Pref. Shares Convertible (2) Cumulative A 350,000 50,000 $680,000 (1) $2 per share; No Yes not declared B 350,000 40,000 $750,000 $4 per share; Yes Yes declared C 400,000 50,000 $675,000 $7 per share; Yes No declared D 400,000 75,000 $540,000 $3 per share: Yes No not declared