Burlington Inc., a local tub manufacturer, had 100,000 ordinary shares outstanding in all of 2017. On January 1, 2015, Burlington Inc. issued at par $500,000 in 7% bonds maturing on January 1, 2023. Each $1,000 bond is convertible into 30 ordinary shares. Assume the effective interest rate is 7%. There are 10,000 outstanding cumulative preferred shares that are each entitled to an annual dividend of $0.32. Dividends were not declared or paid during 2017. Each preferred share is convertible into two ordinary shares. Burlington Inc.s net income for the year ended December 31, 2017 was $150,000. Its income tax rate was 25%. a. Calculate the basic and diluted EPS for 2017.