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PARTI The following information is available for the Johnson Corporation for 20x1 and 20x2. Net Income after taxes: 20x1, $843,750, 20x2, $1.266,200. (The applicable tax rate is 40%.) 50,000 shares of nonconvertible, 3%, $10 par value, preferred shares have been outstanding for the past three years. Dividends have been declared and paid each year. 32,000 options to acquire common shares for $12 a share were granted six years ago. None of the options have been exercised yet. Common stock share prices: 20x1: Average price: $15 End of year price: $16 20x2: Average price: End of year price: $10 $8 Convertible bonds with a face value of $600,000 and a stated interest rate of 5% were issued, at par, on September 1, 20x1. Interest is payable annually on September 1" of each year. Each $1,000 bond is convertible into 20 shares of common stock at any time. No conversions occurred during 20x1 or 20x2. Common share activity (20x1): 1/1/x1: Beginning balance, 25,000 4/1/x1: Additional shares issued, 12,000 6/1/x1: 3-for-1 stock split occurred 7/1/x1: Treasury shares acquired, 15,000 11/1/x1: Treasury shares reissued, 10,000 12/1/X1: Additional shares issued, 16,000 Common share activity_120x2: 1/1/X2: Beginning balance, 122,000 6/1/X2: 10% stock dividend declared and distributed 9/1/x2: Additional shares issued, 5,400 REQUIRED: (a) For 20x1, determine Basic EPS and Diluted EPS. (b) For 20x2, determine Basic EPS and Diluted EPS. [NOTE: Comparative EPS figures are not presented for the corporation. Determine the EPS figures as they would be presented on the income statements for each of the years. Be sure to clearly present and clearly label all computations. Round answers to the nearest cent.)