(1) Assume that the bonds in Part (1) are NOT convertible. The company had Convertible, cumulative preferred stock. These shares were issued on July 1 , 2021 and each $100 par share is entitled to a 5% dividend. There are 10,000 shares outstanding and each share is convertible into five shares of common stock. NO dividends were paid in 2021. In July of 2022 , the company paid both the 2021 and 2022 preferred dividends. (a) Compute the basic EPS for 2022 (b) Compute the diluted EPS for 2022 (1) Assume that the bonds in Part (1) are NOT convertible. The company had Convertible, cumulative preferred stock. These shares were issued on July 1 , 2021 and each $100 par share is entitled to a 5% dividend. There are 10,000 shares outstanding and each share is convertible into five shares of common stock. NO dividends were paid in 2021. In July of 2022 , the company paid both the 2021 and 2022 preferred dividends. (a) Compute the basic EPS for 2022 (b) Compute the diluted EPS for 2022