Computing EPS: Convertible Preferred with Partial Conversion Bridgeman Company, headquartered in San Francisco, reported the following data for the current year. o Net income, $5,106,000. C Common shares outstanding at the beginning of the year, 1,760,000. - Nonconvertible cumulative preferred stock, $100 par, $8 dividend per share per year, 220,000 shares outstanding all year. - Issued 440,000 shares of common stock on October 1. Convertible cumulative preferred stock, $100 par, $7 dividend per share per year, 110,000 shares outstanding at the beginning of the year. On March 31,44,000 shares of preferred stock converted to 88,000 common shares. o 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