Computing Income Available to Common Shareholders, Basic, and Diluted EPS Ardmore Pet Food Suppliers reported $7,000,000 net income for the current year The company indicated that it has $6,000,000, 5 convertible debt issued at par and $450,000 par value, 6 nonconvertible, cumulative preferred shares outstanding The firm did not declare dividends for the current year It issued the bonds on May 31, and the preferred shares were outstanding for the entire year Based on this information, determine