Problem 2: EPS ( 30pts ). Round to 2 decimal places if necessary. 2.1. Gear Corporation had the following common stock record during the current calendar year: Required: What is the weighted average number of shares to be used in computing basic EPS (6 pts)? 2.2. During the current year, East Corporation had 2 million shares of common stock outstanding. East reported net income of $1.8 million for the year. Tax rate is 30%. At the beginning of the year, $2,000,0005% convertible bonds were issued at face amount. The bonds are convertible into 200,000 shares of common stock. Required: a. Calculate East's basic EPS (2 pts). b. Calculate East's diluted EPS. No potential common shares other than the convertible bonds were outstanding during the current year ( 6 pts)