As of December 31, 20112011, JPMorgan ChaseJPMorgan Chase & Co. was one of the largest banking institutions in the United States with $ 2.3$2.3 trillion in assets, $ 183.6$183.6 billion in stockholders' equity, and operations in more than 60 countries. For the year ended December 31, 20112011, JPMorgan ChaseJPMorgan Chase had net income of $ 18 comma 976$18,976 million and paid preferred dividends of $ 1 comma 408$1,408 million. An average of 3 comma 9003,900 million common shares were outstanding during the year. Requirements 1. Compute JPMorgan ChaseJPMorgan Chase's basic earnings per common share in 20112011. 2. Suppose all preferred stock was convertible into 336336 million shares of common stock. Compute diluted earnings per common share. Requirements 1 and 2. Determine the formula, then compute (1) JPMorgan ChaseJPMorgan Chase's EPS and (2) JPMorgan ChaseJPMorgan Chase's diluted EPS for each of the requirement scenarios. (Enter amounts in millions. For accounts with a $0 balance, make sure to enter "0" in the appropriate cell. Round your answers to the nearest cent.) ( - ) / = EPS/ Diluted EPS 1. ( - ) / = 2. ( - ) / =