The Bedford Group had 202,000 shares of common stock and 10,000 shares of $100 par 5% non-participating and non-cumulative preferred shares outstanding at January 1, 2016. The following activities affected common shares during the year. There are no potential common shares outstanding. The company decided to skip dividends for 2016 and paid out total dividends of $150,000 in 2017.

2016
Feb. 28	Purchased 6,000 shares of treasury stock.
Oct. 31	Sold the treasury shares purchased on February 28.
Nov. 30	Issued 24,000 new shares.
Dec. 31	Net income for 2016 is $400,000.
2017
Jan. 15	Declared and issued a 2-for-1 stock split.
Dec. 31	Net income for 2017 is $400,000.

Required:

Determine the 2016 EPS.

Determine the 2017 EPS.

At what amount will the 2016 EPS be presented in the 2017 comparative financial statements?

If the preferred shares issued were cumulative preferred shares, what is the amount of the 2016 EPS?