On January 1^st, 2020, the Maria Pascalov Corporation had 600,000 common shares outstanding. On April 1, 2020, 60,000 common shares were issued and on September 1, 2020, the Maria Pascalov Corporation bought back 90,000 shares. The market price of the common shares averaged $50.00 during 2020. The corporations income tax rate is 40.0%.

During 2020, there were 90,000 call options to buy common shares at $ 40.00 a share outstanding; and there were 60,000, $7.00, no par value, cumulative and convertible preferred shares outstanding. Each preferred share is convertible into three common shares.

During 2019, the corporation had issued $ 6,000,000 of 8.0% convertible bonds at face value. Each $1,000 bond is convertible into 20 common shares.

The corporation reported $ 2,250,000 net income for calendar 2020.

Required:

1. What type of Capital Structure does Maria Pascalov Corporation have?
2. Calculate the required earnings per share for 2020.