PLEASE NOTE: I am looking for both BASIC and fully diluted EPS figures. In calculating the weighted average of common shares, please take into account the "additional information". Thank you!

The Following Information$/$Schedule sets forth the Current Portion & Long$-$Term Portion of the Debt and the Shareholder$$s Equity of the Humza Mohammed Corporation as at December $31$st$,20$X$2.$ The President Steven J$.$ Nguyen, has requested that you Assist the Controller Can Emir Sakarcan in Preparing Figures for the Required Earnings Per Share Calculations.

Humza Mohammed Corporation

Statement of Financial Position

For the Year Ended December $31,2020$

Assets

Current Liabilities:

Notes Payable $ $4,000,000$

Current Portion of Long$-$Term Debt $10,000,000$

Total Current Liabilities $ $14,000,000$

Long Term Liabilities:

$4\mathrm{.}0\%$ Convertible Debenture$/$Bonds $ $30,000,000$

Other Long$-$Term Debt $($Net of Current Portion $20,000,000$

Total Long$-$Term Liabilities $50,000,000$

Total Liabilities $ $64,000,000$

Shareholder$$s Equity:

$$4\mathrm{.}00$ Cumulative Convertible Preferred Shares,

No Par Value; Authorized $2,000,000$ Shares,

Issued and Outstanding $1,200,000$ Shares,

Liquidating Preference; $$30\mathrm{.}00$ Per Share,

Aggregating $$36,000,000$ $ $24,000,000$

Common Shares, No Par Value;

Authorized $20,000,000$ Shares;

Issued and Outstanding $7,000,000$ Shares,

Including $500,000$ Shares Held In Treasury $11,200,000$

Retained Earnings $76,500,000$

Total $ $111,700,000$

Less: Cost of the $500,000$ Common Shares

Held in Treasury $($Acquired Prior to $20$X$2)(900,000)$

Total Shareholder$$s Equity $ $110,800,000$

Total Liabilities & Shareholder$$s Equity $ $174,800,000$

Additional Information:

$1.$ The Other Long$-$term Debt and the related amounts due within one year are amounts due on an unsecured Promissory Note that require payments each year to maturity. The effective interest rate on these Debentures range from $6\mathrm{.}0\%$ to $7\mathrm{.}0\%.$

$2.$ The $4\mathrm{.}0\%$ Convertible Bond$/$Debenture were issued at their Face Value of $$30,000,000$ in $20$X$0.$ The Bond$/$Debenture is due in Twenty Years and until then are Convertible into Common Shares of the Mohammed Corporation at the Rate of Twenty$-$Five $(25)$ for each $$1,000$ Bond Debentures.

$3.$ The $$4\mathrm{.}00$ Cumulative Convertible Preferred Shares were issued in $20$X$1.$ The shares had a Market Price$/$Value of $$75\mathrm{.}00$ at the time of Issuance. On July $1$st$,20$X$2$ and October $1$st$,20$X$2$ holders of the Preferred Shares Converted $80,000$ and $20,000$ Preferred Shares, respectively into Common Shares. Each Preferred Shares is convertible into $1\mathrm{.}2$ Common Shares.

$4.$ On April $1$st$,20$X$2.$ The Humza Mohammed Corporation Company acquired the Assets and Business of Jasminka Milovanovic Industries by the Issuance of $600,000$ of Humza Mohammed Corporation$$s Common Shares.

$5.$ On October $1$st$,20$X$0,$ the Corporation granted Options to its key Executives$/$Officers and a few Selected Employees to Purchase $120,000$ of the Humza Mohammed Corporation Common Shares at an Option Price of $$20\mathrm{.}00.$ The Market Price on December $31$st$,20$X$2$ was $$100\mathrm{.}00$ Per Share. The Executive Stock Options are not Exercisable until January $1$st$,20$X$4.$

$6.$ Dividends on the Preferred Shares have been paid through December $31,20$X$2.$ The Dividends on the Preferred Shares are Paid Quarterly. The Dividends Paid on the Common Shares were $$\mathrm{.}50$ per Share Each Quarter.

$7.$ The Net Income for the Humza Mohammed Corporation for the Year Ended

December $31$st$,20$X$2$ was $$27,800,000.$ There were No Gains or Losses from

Discontinued Operations. The Provision for Income Taxes was Calculated at a Rate of $34\mathrm{.}0\%.$ The Annual Average Rate of Return $($Pre$-$Tax$)$ on Invested Capital was $10\mathrm{.}0\%.$

Required:

$1.$ What Type of Capital Structure is it$?$ Answer: Complex Capital Structure

$2.$ What type of EPS is required? Answer: Fully diluted EPS is required.

$3.$ Calculate the Required EPS. NOTE: Please calculate basic EPS before calculative fully diluted EPS.