1) Net income (incld extrodinary gain (net of tax) of $70,000 ) 2) Capital Structure A. Cumulative 8% convertible, preferred stock, $100 par. Each share is convertible into 5 shares of common stock. 6,000 shares issued and outstanding. B. \$10 par common stock, 74,000 shares outstanding on Jan 1. On Apr 1, 40,000 shares were issued for cash. On Oct 1,16,000 shares were purchased and retired. C. Star Co has 12,000 options issued from prev year exerciseable for one share at $15. None has been exercised. 3) Other information A. Average mkt price per share of common stock during entire year B. Income tax rate Compute basic and Diluted EPS for current year