The net income of Foster Furniture, Incorporated, amounted to $1,500,000 for the current year. Required: a. Compute the amount of earnings per share assuming that the shares of capital stock outstanding throughout the year consisted of: 1. 400,000 shares of $1 par value common stock and no preferred stock. 2. 100,000 shares of 8 percent, $100 par value cumulative preferred stock and 300,000 shares of $5 par value common stock. b. In addition to the above information, if Foster had issued 30,000 additional shares of common stock that were outstanding for the last three months of the year, how would that affect your calculation of earnings per share for the year in part a(2) above? Complete this question by entering your answers in the tabs below. In addition to the above information, if Foster had issued 30,000 additional shares of common stock that were outstanding for the last three months of the year, how would that affect your calculation of earnings per share for the year in part a(2) above? Note: Round your answer to 2 decimal places