Question Help Caswell Company began the current year with 1,670,000 common shares outstanding. Caswell also reported $830,000 par value, 2% convertible bonds outstanding all year. The bonds were issued at par. The bonds can be converted to 830,000 shares of common stock Caswell made interest payments at the end of each quarter. The company is subject to a 30% effective tax rate and reported net income of $957,000 for the current year. Read the requirements Requirement a. What are basic and diluted EPS (earnings per share) for Caswell Company? Begin with the basic earnings per share. (Round the EPS to the nearest cent, $XXX.) Basic EPS for the current year is $ Calculate the diluted earnings per share for Caswell Company. (Round the EPS to the nearest cent, $X.XX.) Diluted EPS for the current year is $ Requirement b. Assume the bonds were converted on October 1. What are basic and diluted EPS for Caswell Company? Begin with the basic EPS assuming the bonds were converted on October 1. (Round the EPS to the nearest cent, $X.XX.) Incre Basic EPS for the current year assuming the bonds were converted on October 1 is $ Calculate the diluted EPS assuming the bonds were converted on October 1. (Round the EPS to the nearest cent, SX.XX) S Diluted EPS for the current year assuming the bonds were converted on October 1 is $ $ show work