D Information relevant to computing earnings per share for the Waco Company is presented bel The preferred stock, bonds and options were outstanding the entire year. The Waco Company's net income for 2018 was $190,000. (a) At January 1, 2018, had 25,000 shares of common stock outstanding. The company issued 2,500 shares on July 1, 2018. The company declared a 2 for 1 stock split on September 1, 2018. The company repurchased 1,000 shares on October 1, 2018 2,800 shares of $100 par, 10% cumulative preferred stock, were sold at 110. Each share of preferred stock is convertible into 5.5 shares of common stock. Dividends on preferred were paid during the year. (b) (c) $300,000 face value of 6% convertible bonds had been sold at a discount of $8,000. The discount is being amortized on a straight-line basis over ten years. Each $1,000 bond is convertible into 20 shares of common stock. (e) Options to purchase 10,000 shares of common stock had an exercise price of $30 each. The market price of the company's stock on the date the warrants were issued was $27; the average market price of the stock during 2018 was $40. The income tax rate was 30%. Required: Assuming this company must provide earnings per share consistent with GAAP requiremer compute all required earnings per share amounts for the year ended December 31, 2018. You MUST FULLY SHOW YOUR WORK TO RECEIVE CREDIT for your answers.