Net Income $ 12.396.457.01 Less: Preferred Dividends $ (50,000.00 Earnings Available to Common Shareholders $ 12.346.457.01 Common Shares Outstanding $ 1,750,000.00 Basic EPS 7.06 If all preferred shares are converted: Net Income $ 12.996.457.01 Additional Common Shares $ 100,000.00 Common Shares Outstanding after conversior $ 185,000.00 EPS if preferred shares converted 6.94 Preferred shares are antidilutive If all bonds are converted: Net Income $ 12.996.457.01 Less: Preferred Dividends $ (50,000.00 Add back interest on bonds. net of income tax $ 300,000.00 Earnings Available to Common Shareholders $ 13.246.457.01 Additional Common Shares $ 25,000.00 Common Shares Outstanding after conversior $ 1,775,000.00 7.43 If all bonds are converted: Net Income $ 12.996.457.01 Less: Preferred Dividends $ (50,000.00 Add back interest on bonds. net of income tax $ 27,000.00 Earnings Available to Common Shareholders $ 12.973.457.01