How do you figure out the basic EPS and Diluted EPS? I'm confused because we are only in Ch4 of our book and it only tells you how to calculate basic EPS. From what i read, to find basic EPS you take : (net income - preferred stock shares) / (shares issued on Jan 1 + additional shares issued throughout the year x (time when additional shares issued)

I don't know if i'm right but i just want to make sure im doing this correctly.

Also, could you scan the income statement and see if it makes sense please?