(please show all work)

Santos Company provided the following information for 2022:

Common Stock Outstanding 100,000 shares

Convertible Preferred, Total Par Value $50,000; Dividend Rate 4%; Convertible into 1,900 Common Shares

Stock Options A Exercise Price $12; Average Market Price $11; 3,000 Options

Stock Options B Exercise Price $7; Average Market Price $8; 4,000 Options

Convertible Bonds, 5%, Face Value $1,000,000; Convertible into 40,000 Common Shares

Tax Rate 30%

Net Income $120,000

Round to nearest two decimal places.

Part A: Complete all steps to determine EPS to be reported including:

1. Computation of Basic EPS

2. Individual dilution/anti-dilution with decision making

3. Ranking of potential dilutors

4. Step-by-step inclusion of individual dilutors to arrive at reportable EPS with decision making.

Part B: Partial Financial Statement Presentation of EPS for this company for the current year (2022) with a proper heading. Start your partial statement with Net Income.