On January 1 of the current year, a company had the following securities in its capital structure: Common stock: 70,000 shares authorized; 14,000 shares issued and outstanding Preferred stock: 700 shares of noncumulative, nonconvertible preferred stock issued and outstanding. Bonds: $1,000,000 of convertible 12% bonds previously issued at face value. Each $1,000 bond is convertible into 30 shares. Additional information: Net income for the year was $170,000 The income tax rate was 25% During the year the company declared and paid cash dividends of $17,000 to common shareholders and $25,500 to preferred shareholders. Required: 1. Calculate the numerator of Diluted EPS. (Click to select) 2. Calculate the denominator of Diluted EPS. (Click to select)