On January 1, 2021 XYZ Co. had 5 million shares of common stock and 1 million shares of 10%,$20 par, preferred stock outstanding. On March 1, it purchased 600,000 shares of its common stock and on October 1 , it sold back 500,000 of those shares. The company also had $10,000,000 of 8% bonds payable, convertible to common stock in a ratio of 2:1. Net income for 2021 was $39,200,000. The company's tax rate is 30%. Required: a. What type of capital structure does XYZ have? Explain thoroughly. b. Compute all eamings per share for the year, 202 - II - 1. What is an antidulive security? Explain and give an example. 2. How do you handle it in the computation of earnings per share? Explain