Net Income Tax Rate Closing market price per common share Average market price per common share Common shares outstanding (entire year) $300,000 30% $32 $30 200,000 The following Capital Structure items existed for the entire year: 1. 6%, Cumulative Preferred Stock (Total par $200,000), Convertible to 20,000 common shares. 2. Stock Options to purchase 12,000 Common Shares at $31 per share. Indicate the dilution status of the Cumulative Preferred Stock and the Stock Options. Select one: a. Both dilutive Ob. Both anti-dilutive c. Preferred Stock dilutive, Options anti-dilutive d. Options dilutive, Preferred Stock anti-dilutive