Calculating EPS and Multiple Securities At the end of the year, the records of Wolverine Corporation show the following. Common stock, $10 par; authorized 100,000 shares: issued and outstanding throughout the year, 50,000 shares Preferred stock, $50 par, 7%, cumulative, convertible into common stock, share for share; authorized, 10,000 shares; issued and outstanding throughout year, 2,000 shares Contributed capital in excess of par, common stock Retained earnings (no dividends declared during the year) Bonds payable, 10% nonconvertible, issued at par four years prior $500,000 100,000 80,000 470,000 150,000 Net income 120,000 Stock options outstanding (all year for 10,000 shares of common stock at $15 per share) Income tax rate, 25% Average market price of the common stock during the year, $25 per share Required a. Is this a simple or a complex capital structure? b. Compute the required EPS amounts. Note: Enter the earnings per share amounts in dollars and cents, rounded to the nearest penny. Note: If an amount is not required, leave the answer blank (zero). Net Income Available to Weighted Avg. Common Common Stockholders Per Shares Outstanding Share Basic EPS $ 0 0 $ 0 Diluted EPS $ 0 0 $ 0