Diluted EPS n the statement of financial position for Orlando Ltd. $350,000 The following information is found statement abili Long-term Liabilities 13% convertible bonds 800,0001.200,000 $1,550,000 $400,000 8% convertible Bonds Total Liabilities Shareholders' equity Preferred shares, $10 cumulative, convertible, unlimited authorized, 10,000 issued Common shares, 80,000 issued $250,000 600,000 850,000 Retained earnings Beginning of year Net income for the year Total Equity $75,000 784,000 859,000 $1,709.000 $3,259,000 Total equity and liabilities Other information is found in the notes to the financial statements: 1. The 13% bonds were issued i Each $1,000 of the bond is convertible into 10 common shares. 2. The 8% bonds were issued April 1 of the current year. Orlando Ltd. uses a December 31 year- end. Each $1,000 of the bond is convertible into 10 common shares. 3. Each preferred share is convertible into 5 common shares. The preferred shares were issued in a prior year, and there have been no transactions during the current year for these shares. 4. 50,000 options have been granted to executives of the company. Each option allows for the purchase of one common share at a price of $50. The average market price of the shares through the year was $70. The options were granted in a previous year, none were exercised during the year. 5, if required, the tax rate is 35%. 6. There were no transactions during the year affecting the number of common shares n a prior year, and have been outstanding through the entire year outstanding. Net income (as above) is 784,000. There were no discontinued operations in the year. 7. Required: Determine the earnings per share amounts that Orlando Ltd. is required to include with their annual financial statements