Taft Corporation had after$-$tax income from continuing operations of $$8\mathrm{.}0$ million for the year. Taft also reported a $$1\mathrm{.}48$ million after$-$

tax loss on the disposal of its textile subsidiary. Taft uses a calendar$-$year reporting period. Taft's capital structure consists of the

following.

Preferred stock: $120,000$ shares of $$100$ par, $8\%$ cumulative nonconvertible preferred stock issued during the year. No dividends

were declared in the current year.

Common stock: $5,126,238$ shares outstanding on January $1,$ $$1$ par. Dividends of $$1$ per share were declared and paid on June $30.$ On

July $1,$ a three$-$for$-$one stock split was declared and the shares were issued.

Required

a$.$ What type of capital structure does this company have $($simple or complex$)?$

b$.$ Compute required EPS amounts.

c$.$ Show the EPS presentation for financial reporting.

Note: Enter the earnings per share amounts in dollars and cents, rounded to the nearest penny.

Note: Use a negative sign with a loss.