Questions 34 through 36 are based on the following information. Colins Corp.'s capital stricture was as follows December 31 During 2003, Colins paid dividends of $8100 per 2002 2003 share on its preferred stock, The preferred shares Outstanding shares of stock are convertible into 201000 shares of common stock Commonnew 100.006 and the 9% bonds are convertible into 301000 shares Convert ble preferred 10 090 10 000 of common stock. Assume that the income tax rate is 30% 9%% convertible bonds $1 000 090 $1 009 000 34. If net income for 2003 is $350,000, Collins should report DEPS as A. $3.20 B. $2.95 C. $2.92 D $2.75