Calculating EPS with Convertible Debt At the end of the year, the records of Ruso Corporation show the following. Common stock, no-par, authorized 250,000 shares: issued and outstanding throughout the period to December 1, 60,000 shares. A 2-for-1 stock split was issued on December 1 Preferred stock, 5%, $10 par, nonconvertible, cumulative, nonparticipating, shares authorized, issued, and outstanding during year, 10,000 shares $840,000 100,000 Contributed capital in excess of par, preferred stock 30,000 Retained earnings (no cash or property dividends during year) 570,000 Bonds payable, 8%, issued January 1; each $1,000 bond is convertible into 60 shares of common stock after the stock split on December 1 (bonds initially sold at par) Net income 200,000 72,000 Income tax rate, 25% Required a. Is this a simple or a complex capital structure? Complex structure b. Compute the required EPS amounts. Note: Enter the earnings per share amounts in dollars and cents, rounded to the nearest penny. Net Income Available to Weighted Avg. Common Basic EPS $ Diluted EPS $ Common Stockholders 67,000 67,000 Per Shares Outstanding Share 120,000 $ 0.56 $