Computing EPS: Convertible Preferred with Partial Conversion Bridgeman Company, headquartered in San Francisco, reported the following data for the current year. - Net income, $4,218,000. - Common shares outstanding at the beginning of the year, 1,440,000. - Nonconvertible cumulative preferred stock, \$100 par, \$8 dividend per share per year, 180,000 shares outstanding all year. - Issued 360,000 shares of common stock on October 1. - For both preferred stock issues, assume dividends are paid for time held. Note: In the following calculations, enter the earnings per share amounts in dollars and cents, rounded to the nearest penny. a. Compute basic EPS