Given the financial statements, calculate the basic earnings per $$share and the dilutive earnings per

share for the year ended $2022.$ Accordingly, find the weighted average number of shares

outstanding, and thereafter, find the basic and dilutive EPS, given that the company also has a

dilutive security represented in $15,000$ preferred stocks that pay $40\%$ of the dividends reported in

the income statement and are convertible into two common stocks each. In addition to $$60,000$ of

$4\mathrm{.}5\%$ convertible bonds, there is a total of $12,000$ common shares. Consider the following

information: $(10$ marks$)$ Net income $384,706$

Dividends $150,000$