Corp. earned net income of and paid the minimum dividend to preferred stockholders for . Assume that there are no changes in common shares outstanding. 's books include the following figures: LOADING...(Click the icon to view the figures.) Requirements 1. Compute 's EPS for the year. 2. Assume 's market price of a share of common stock is per share. Compute 's price/earnings ratio.Preferred Stock5%, $30 Par Value; 2,000 shares authorized, 1,000 shares issued and outstanding $30,000 Common Stock$10 Par Value; 120,000 shares authorized, 51,000 shares issued, 49,500 shares outstanding 510,000 Paid-In Capital in Excess of ParCommon 470,000 Treasury StockCommon; 1,500 shares at cost (30,000)