Art C: Earring-pei- (LI) ams Corporation reported net income of $250,000 in 2020 and had 100,000 shares of ommon stock outstanding throughout the year. The common stock sold at an average arket price of $12 per share during the period. Rams declared and paid $50,000 in ferred dividends. Also outstanding were 15,000 warrants that could be exercised to urchase one share of common stock for $10 for each warrant exercised. Compute Rams Corporation 2020 Basic EPS and Diluted EPS