Question 10 1 pts Information concerning the capital structure of Park Corporation is as follows: 2020 2019 Common stock 100,000 shares 100,000 shares 7% Convertible Bonds 500 bonds 500 bonds During 2020, Park declared and paid dividends of $1.00 per share on its common stock. There was no preferred stock issued. The company has $500,000 of 7% Convertible Bonds issued at Par. Each $1,000 Bond is convertible into 3 common shares. Taxes are 30%. The net income for the year ended December 31, 2020, was $400,000. What should be the basic earnings per share for the year ended December 31, 2020, rounded to the nearest penny? O $2.92 $3.27 $4.00 O $2.67