Compute the amount of earnings per share assuming that the shares of capital stock outstanding throughout the year consisted of: (Round your answers to 2 decimal places.) 400,000 shares of $1 par value common stock and no preferred stock. 100,000 shares of 8 percent $100 par value preferred stock and 300,000 shares of $5 par value common stock. Is the earrings per share figure computed in part a(2) considered to be basic or diluted? basic diluted