XYZ company earns a net profit of $550,000, and has $1,500,000 common shares outstanding that sell on the open market for an average of $15 per share. In addition, there are 280,000 options outstanding that can be converted to XYZ company's common stock at $13each.Company also paid $50,000 to preferred share holder

Please provide the clear calculation on each question and brief explanation with your analysis. .

[1] Calculate XYZ company Earning per share (EPS)

[2] Calculate the number of shares that would have been issued at the market price.

[3] Calculate the shares have been purchased with the proceeds from the options

[4] Calculate the number of shares that could have been purchased from the number of options exercised.

[5] Calculate the incremental number of share to the shares already outstanding.

[6] Calculate the Diluted Earnings per share.