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Swed At December 31, 2021. Candy Corporation had outstanding 200,000 shares of common stock. Also outstanding were 120,000 shares of preferred stock convertible into 64,000

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Swed At December 31, 2021. Candy Corporation had outstanding 200,000 shares of common stock. Also outstanding were 120,000 shares of preferred stock convertible into 64,000 common shares and $1,800,000 of 10% bonds convertible into 27000 common shares Candy's net income for the year ended December 31, 2021, is $1,040,000. The income tax rate is 25% Candy paid dividends of $2 per share on its preferred stock during 2021 Required: Compute basic and diluted earnings per share for the year ended December 31, 2021, considering possible anticilutive effects. (Round your answers to 2 decimal places.) Basic EPS Diluted EPS

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