Throughout the year, Johnson Inc. had the following shares outstanding. There were no shares issued or repurchased during the year.

Preferred shares, $3.00, unlimited number authorized,60,000 issued and outstanding $12,000,000

Common shares, unlimited number authorized, 420,000 issued and outstanding . 24,000,000

Total contributed capital $36,000,000

Net income for the year was $ 1,590,000.

Loss from discontinued operations (net of tax)of $-159,000was included in net income for the year.

Required:

Prepare the basic EPS presentation for the company assuming:

1.The preferred shares are non-cumulative, preferred dividends of $180,000were paid during the year.

2.The preferred shares are non-cumulative, and no dividends were paid during the year.

3.The preferred shares are cumulative, and no dividends were paid during the year.

4.The preferred shares are cumulative, and 2years of dividends and the current dividends were paid in the year.