The Duckworth Ltd. 205 financial statements include the following: The company declared and paid preferred dividends of $37,000 during the year and had an effective tax rate of 20%. The company declared and paid preferred dividends of $37,000 during the year and had an effective tax rate of 20%. Required: 1. Compute basic EPS. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Basic EPS 2. Repeat requirement 1 , assuming that the preferred shares are cumulative. (Do not round intermediate calculations. Round you answer to 2 decimal places.) The Duckworth Ltd. 205 financial statements include the following: The company declared and paid preferred dividends of $37,000 during the year and had an effective tax rate of 20%. The company declared and paid preferred dividends of $37,000 during the year and had an effective tax rate of 20%. Required: 1. Compute basic EPS. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Basic EPS 2. Repeat requirement 1 , assuming that the preferred shares are cumulative. (Do not round intermediate calculations. Round you answer to 2 decimal places.)