Corporation C earned net income of $250,000 during 19A. It also had 20,000 shares of common stock and 5,000 shares of $100 par, 6% preferred stock outstanding during the year. No dividends were declared this year. Determine basic EPS if: (a) the preferred stock is cumulative. (b) the preferred stock is noncumulative. Corporation D earned net income of $70,000 during 19A and had an average of 10,000 shares of common stock outstanding. It also had a $50,000, 8% bond payable convertible into 2,000 shares of common stock. There is no preferred stock outstanding. Determine basic EPS and diluted EPS. Assume a 2% tax rate.