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please give me the answer to the following question? cumulative earnings are $7 HW BOARD # 2: NET INC =20,000 COMM SH =1,000SH Pref sh=2000SH,

please give me the answer to the following question?

cumulative earnings are $7

HW BOARD # 2: NET INC =20,000 COMM SH =1,000SH Pref sh=2000SH, CUMULATIVE EA EACH CAN BE CONVERTED INTO 8 SH COMM OPTIONS: 500 OPTIONS EACH CAN BUY 5 SH COMM AT 10EACH AVG PRICE =13 DEC 31 PRICE =9 FIND BASIC AND DOLUT EPS

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