The table below shows a partial view of Webster Corporation's balance sheet. Notes and Assumptions December 31, 2021 d) The average income tax rate is 20 percent. e) 600,000 shares of common stock were outstanding during the entire year. f) Preferred dividends were not declared in 2021 . g) Net income was $2,000,000 in 2021 . h) No bonds or preferred stock were converted during 2021. Instructions: Calculate basic and diluted EPS for the year ended December 31, 2021. Your answer should include a calculation of basic EPS, the per share effect on EPS of all convertible instruments, the ranking of the per share effects, and the recomputation of EPS for each security to arrive at your answer for diluted EPS. You must clearly show your final answer for Basic and Diluted EPS