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Peters Corp.'s capital structure was as follows: December 31 Year 7 Year 8 Outstanding snares of stock: Converti ble preferred convertible bonds 100.000 100.000 10.000 10,000 Sl.ooo.ooo During Year 8. Peters paid dividends Of per Share on its preferred Stock. The preferred Shares are convertible into 20,000 snares of common stock, and the 9% bonds are convertible into 30,000 shares of common stock. Assume that the income tax rate iS 30%. If net income for Year 8 is SI 70,000, Peters should report DEPS as The following data were available from Mith Co.'s records on December 31: Finished goods inventory, 1/1 Finished goods inventory, 12/31 Cost of goods manufactured Loss on sale of plant equipment $120,000 110,000 520,000 50,000 The cost of goods sold for the year was The Changes in account balances Of the Vel Corporation during Year 6 are presented below: Liabilities Capital stock Additional paid-in capital Increase S356.ooo 108.000 240,000 24000 Vel has no items Of Other comprehensive income and the only Charge to retained earnings Was for a dividend payment Of $52.000. Thus. the net income for Year 6 iS