Beaver Corp. reported the following in 2012 (Beavers first year of business):

Net income for 2012: $2,500,00

Common shares outstanding all year were 3,000,000 shares

Beaver Corp. reported the following in 2013:

Net income for 2013: $3,200,000

Convertible bonds: 40,000 bonds issued January 1, 2013, $1,000 face, 7%, each $1000 bond convertible into 100 shares of common. No bonds were converted in 2013.

Convertible, cumulative preferred stock: 20,000 shares, each convertible into 100 shares of common issued on October 1, 2013, $1000 face, 6% annual dividends which are declared and paid quarterly, but in the fourth quarter, 2013, the quarterly dividend was not declared. No shares were converted in 2013.

Common stock: outstanding 1/1/2013, 3,000,000 shares,

Issued 80,000 shares for cash, 4/1/2013

Issued 40,000 shares for cash, 4/1/2013

Acquired 12,000 shares of treasury stock for cash on 11/1/2013

On July 1, 2013, options for 50,000 shares were granted with an option price of $13; none of these options were exercised in 2013. The average market price from July 1 to December 31, 2013 was $19/share.

The tax rate is 30% for all years in this problem.

Required:

A) Calculate required EPS figures that must appear on the income statement for 2012

B) Calculate the required EPS figures that must appear on the income statement for 2013