BOARD HW \#3 NET INC =40,000 COMM STK =1,000SH NO PREF STK B/P= 5,000,10% CONVRTIBLE INTO 3000SH COMM ISSUED ON APR 1 TAX RATE =25% BOARD HW \#3 NET INC =40,000 COMM STK =1,000SH NO PREF STK B/P=5,000,10% CONVRTIBLE INTO 3000 SH COMM ISSUED ON APR 1 TAX RATE =25% FIND BASIC AND DILUT EPS