Question 4 Not yet awered Marloed out of 6.00 Pagestion Computing EPS: Convertible Preferred Stock Charter Company earned net Income of 158,400 in 2020. The company had 35,000 shares of common stock outstanding during the year and 3,500 shares of noncumulative preferred stock, each convertible into shares of common stock with $10 par value per share. The relevant tax rate is 25. During the year, Charter Company declared and paid $17,500 in preferred dividends and no common stock dividends Compute baskeamings per share b. Compute diluted earnings per share. Note: Round per share amounts to two decimal places Net Income Available to weighted Avg. Common Per Common Stockholders Shares Outstanding Share Basic EPS 5 Diluted EPS 5