Question 1 On December 31", Pyramid company had the following preferred and common stock: PYRAMID COMPANY COMMON SHARES PREFERRED SHARES Authorized 5.000.000 1.000.000 Issued and Outstanding 800.000 400.000 Dividend per share per year Not fixed $4, cumulative (Convertible 1 preferred to 5 common shares) Net Income of the year accounts for $2.234.000 1. Calculate Basic Earnings per Share (EPS) 2. Calculate Diluted Earnings per Share (DEPS)