Basic EPS Throughout the year, Ophelia Ltd. had the ollowing shares outstanding. There were n repurchased during the year Preferred shares, $3.00, unlimited number authorized,70,000 issued and outstanding $14,000,000 Common shares, unlimited number authorized, 350,000 issued and outstanding 28,000,000 Total contributed capital 42,000,000 Net income for the year was $ 1,505,000. Loss from discontinued operations (net of tax) of $(150,500) was 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 $210,000 were 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 2 years of dividends and the current dividends paid in the year. were