Computing EPS: Simple Capital Structure

At the end of 2020, the records of Block Corporation reflected the following.

Common stock, $5 par, authorized 500,000 shares
Outstanding January 1, 2020, 400,000 shares		$2,000,000
Sold and issued April 1, 2020, 2,000 shares		10,000
Issued 5% stock dividend, September 30, 2020; 20,100 shares		100,500
Preferred stock, 6%, $10 par, nonconvertible, noncumulative, authorized 50,000 shares
Outstanding during year, 20,000 shares		200,000
Paid-in capital in excess of par, common stock		180,000
Paid-in capital in excess of par, preferred stock		100,000
Retained earnings (after the effects of current preferred dividends declared during 2020)		640,000
Bonds payable, 6.5%, nonconvertible, issued at par January 1, 2020		1,000,000
Net income		164,000
Income tax rate, 25%

a. Compute the required EPS amount(s)

	Net Income Available to Common Stockholders	Weighted Avg. Common Shares Outstanding	Per Share
Basic EPS	Answer	Answer	Answer

	Net Income Available to Common Stockholders	Weighted Avg. Common Shares Outstanding	Per Share
Diluted EPS	Answer	Answer	Answer