Question 1-4 Assume the following data relative to ABC Corporation for 2016 is 016 is available: Net Income $1,400,000 Transactions in common shares Jan 1, 2016 Beginning number: 500,000 March 1, 2016 Purchased treasury shares 60,000 June 1.2016 Stock split 2 for 1 Nov 1, 2016 Issuance of new shares 120,000 BH Cumulative Preferred Stock Sold at par, convertible Into 200,000 shares as adjusted for stock split $1,000,000 Stock Options 60.000 otions Exercisable at the option price of $25 per share 530 average market price in 2016, 520 year end market pricefmarket price and option price adjusted for stock solt; in computing Basic Eps what are the weighted shares outstanding a. 726,667 b 1,000,000 c.920,000 d. 760,000 2. In computing Diluted EPs what are the weighted shares outstanding a. 930,000 b. 1.130,000 c. 1,120,000 d. 1.400.000 3. in computing Diluted EPS if preferred stock is converted into common stock what is its impact on per stare base a. 40 b..80 C 1.20 d..60 4. What is Diluted EPS per share? a 1.43 b. 1.57 c. 1.17