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Artfart, Inc. has the following information for 2 0 2 3 : table [ [ Net income,$ 1 , 2 0 0 , 0

Artfart, Inc. has the following information for 2023:
\table[[Net income,$1,200,000 Inc. has the following information for 2023:
Net Income = $1,200,000
8% convertible $1,000 issued 1/1/18 for $2,140,472 yielding 7% with annual coupons Due 1/1/28, Each bond converts to 45 shares of common stock = $2,000,000 face amount
10% convertible, cumulative $100 par preferred stock, each share converts to 3 shares of common stock = $3,000,000
Common Stock, $10 par = $5,000,000
Common stock options (granted in 2019) to purchase 60,000 shares of common stock at $20 per share
Tax Rate =20%
Average Market Price per share for common stock during the year = $25
a. Compute basic and diluted EPS for 2023(to the nearest tenth of a cent).
b. Compute basic and diluted EPS for 2023 assuming the stock options were granted on April 1,2023
c. Compute basic and diluted EPS for 2023 assuming the stock options were granted on April 1,2023 and the debt was issued on July 1,2023(dont forget to adjust net income)
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