The financial statements of Little Manufacturing showed the following on December 31,20Y5 : Net Income (after-tax) $500 million Common Stock, $1 par: Shares outstanding on January 1 Shares retired for cash on February 1 Shares sold for cash on September 1 Outstanding shares of stock options \begin{tabular}{r} 300 million shares \\ \hline 48 million shares \\ \hline 18 million shares \\ 4 million shares \end{tabular} Preferred Stock: Preferred stock, 10\%, $70 par, nonconvertble Preferred stock, 8%,$50 par, convertible into 2 million shares of common stock $70million$100million Bonds Payable: 12.5% bonds, convertible into 20 million shares of common stock $200 million Additional data: - The market price of the common stock averaged $20 during 20Y5. - The convertible preferred stock and bonds were issued at par in 20Y. - The exercise price of the stock options is $15 per share. - Both preferred stock dividends were declared and paid. - The tax rate for the year is 40%. REQUIREMENTS: Use the above information to answer the following questions: 1. What is the numerator in Little's Basic EPS calculation? 2. What is the denominator in Little's Basic EPS calculation? 3. What is the dilution index for Little's convertible preferred stock? 4. What is the dilution index for Little's convertible bonds? 5. How many incremental shares would be issued if Little's stock options were exercised? 6. What is Little's Diluted EPS? Please round your answer to 2 decimal places