Computing EPS with Multiple Potentially Dilutive Securities Spencer Inc.'s 2020 earnings of $500,000 reflect a tax rate of 25%. During the year, Spencer had the following securities outstanding: 120,000 shares of common stock. 5,000 shares of 6%, $100 par, nonconvertible, cumulative preferred stock. 5,000 shares of 6%, $100 par, cumulative preferred stock, each convertible into 1.75 shares of common stock. 500 bonds, $1,000 face value, 8% interest, each convertible into 30 shares of common stock (issued at face value). 200 bonds, $1,000 face value, 6% interest, each convertible into 20 shares of common stock (issued at face value). Required a. Compute basic EPS. b. Compute diluted EPS. Note: Enter the earnings per share amounts in dollars and cents, rounded to the nearest penny. Net Income Available to Weighted Avg. Common Common Stockholders Shares Outstanding Per Share Basic EPS $ $ Diluted EPS $ $