Part C: Earning-per-Share (EPS) COB Corporation reported net income of $250,000 in 2018 and had 100,000 shares of common stock outstanding throughout the year. The common stock sold at an average market price of $12 per share during the period. COB declared and paid $50,000 in preferred dividends. Also outstanding were 15,000 warrants that could be exercised to purchase one share of common stock for $10 for each warrant exercised. Compute COB Corporation 2018 Basic EPS and Diluted EPS