babam Q3 (15 marks). robots Information concerning the capital structure of the Acme Corporation is as follows: 151 S o us December 31st 2016 2017 100,000 100,000 Common stock (# of shares) Convertible preferred stock (# of shares) 8% convertible bonds 20,000 20,000 $1,000,000 $1,000,000 During 2017 Acme paid dividends of $1 per share on its C/S and $1.40 per share on preferred stock (P/S). The P/S is convertible into 40,000 shares of C/S. The 6% convertible bonds are convertible into 50,000 shares of C/S. Net income for the year ending December 31, 2017 was $275,000, and the company's income tax rate was 40% Required: a. Compute the basic eps for 2017. (5 marks) b. Compute the diluted eps for 2017. (10 mark)