Question 3 (12 marks) On December 31, 2020, the weighted average common shares outstanding during the year for Jaguars Corp. was 205,000. The market price of the common shares averaged $ 50 during 2020. The corporations income tax rate is 40%. During 2020, there were 30,000 call options to buy common shares at $ 40 a share outstanding; and there were 20,000, $ 7, no par value, cumulative and convertible preferred shares outstanding. Each preferred share is convertible into three common shares. During 2019, the corporation had issued $ 2,000,000 of 8% convertible bonds at face value. Each $ 1,000 bond is convertible into 20 common shares. The corporation reported $ 750,000 net income for calendar 2020. Instructions Showing all details, perform the following calculations and round all EPS figures to two decimal points: a) The basic earnings per share (EPS) for 2020. (2 marks) b) The diluted EPS with the call options. (4 marks) c) The fully diluted EPS. (6 marks)