.5 The net income of Foster Furniture, Inc., amounted to $1,920,000 for the current year. t of ing throughout the year consisted of: 1. 400,000 shares of $1 par value common stock and no preferred stock 2. 100,000 shares of 8 percent, $100 par value preferred stock and 300,000 shares of $5 par value common stock h. Is the eanings per share figure computed in part a(2) considered to be basic or diluted? Explain