20 points Save Ans On January 1st, 2020, Crystell D. Velarde Corporation had 1,200,000 common shares outstanding. On April 1, 2020, 120,000 common shares were issued and on September 1, 2020, Crystell D. Velarde bought back 180,000 shares. The market price of the common shares averaged $50.00 during 2020. The corporation's income tax rate is 40.0%. During 2020, there were 180,000 call options to buy common shares at $ 40.00 a share outstanding, and there were 120,000, $7.00, no par value, cumulative and convertible preferred shares outstanding. Each preferred share is convertible into three common shares. During 2019, the corporation had issued $ 12,000,000 of 8.0% convertible bonds at face value. Each $1,000 bond is convertible into 20 common shares. The corporation reported $ 4,500,000 net income for calendar 2020. Required 1. What type of Capital Structure does Crystell D Velarde Corporation have? 2. Calculate the required earnings per share for 2020