Net Income Capital structure: a. Convertible 6% bonds. Each of the 320,$1,000 bonds is convertible into 50 shares of common stock at 320,000 the present date and for the next 10 years. b. $10 par common stock, 200,000 shares issued and outstanding during the entire year. 2,000,000 c. Stock warrants outstanding to buy 15,200 shares of common stock at $20 per share. 3. Otherinformation: a. Bonds converted during the year b. Incometaxrate None c. Convertible debt was outstanding the entire year d. Average market price per share of common stock during the year $32 e. Warrants were outstanding the entire year f. Warrants exercised during the year None Compute diluted earnings per share. (Round answers to 2 decima Security Common Stock Warrants EPS $ $ Conversion Bonds $