Last year, Clever Corporation had income before taxes of $1,140,000, income tax expense of $342,000, and preferred dividends of $33,000. For the same period, Smart Industries had income before taxes of $1,150,000, EPS of $3.80, and preferred dividends of $41,000. Both firms had 209,000 common shares outstanding. These figures suggest that had a lower EPS and a income tax rate Smart: higher Clever, lower Clever, higher Smart: lower