Kishkumen Company had the following capital structure at December 31, 2015 and 2016:

The following additional information is available.

• (a)The conversion terms of the preferred stock and bonds at January 1, 2016, were as follows: Preferred stock, five shares of common for each share of preferred; convertible bonds,of common for eachbond. These terms are to be adjusted for any issued stock dividends or stock splits.
• (b)On May 1, 2016, Kishkumen sold an additionalof common stock, and on August 1, 2016, astock dividend on common shares was declared.
• (c)On October 1, 2016,of preferred stock were converted toof common stock (common for each share of preferred). The preferred stock was issued atin 2012.
• (d)On December 1, 2016,of the convertible bonds were converted (of common for each bond converted). The bonds were issued at par in 2015.
• (e)On December 31, 2016, Kishkumen declared and paid adividend on outstanding preferred stock. Income for the year was.
• (f)Stock options (issued and unexercised) to purchaseof common stock atwere outstanding at the beginning of 2016. Average market price for 2016 was. The number of shares was adjusted toand the exercise price was adjusted toin response to thestock dividend.
• (g)Stock warrants to purchaseof common stock atwere initially attached to the preferred stock. This was adjusted toatin response to thestock dividend. The warrants expire on December 31, 2020, and were outstanding at December 31, 2016.
• (h)The effective tax rate wasfor both years.
• (i)On February 1, 2017, before the 2016 financial statements were issued, Kishkumen split its common stock two for one.

Instructions:

For the year ended December 31, 2016, compute basic and diluted EPS.