20. Suppose the cumulative preferred shares in the previous question were issued in 2017 and are convertible into 10,000 common shares. The company will present in its statement of income and expenses: to.

a.Basic loss per share $ 2.50 and diluted loss per share $ 1.60

b. Basic loss per share $ 1.50 and diluted loss per share $ 1.60

c. Basic loss per share of $ 2.50 and there is no diluted loss.

d. Basic loss per share of $ 1.50 and there is no diluted loss.