Question Help Bavarian Aeronautics has 410,000 shares of common stock and 151,000 shares of noncumulative, convertible preferred stock outstanding throughout the year. Bavarian declared $140,000 in dividends on the preferred shares. The preferred stock is convertible into common stock at a rate of one share of preferred stock for each share of common stock. Bavarian's net income for the year was $720,000. What are basic and diluted EPS for Bavarian Aeronautics? Determine the basic EPS (earnings per share) for Bavarian Aeronautics. (Round the EPS to the nearest cent, $X.XX.) The basic EPS for Bavarian Aeronautics is $ Determine the diluted EPS for Bavarian Aeronautics. The diluted EPS for Bavarian Aeronautics is $