Computing EPS with Multiple Potentially Dilutive Securities Spencer Inc.'s 2020 earnings of $800,000 reflect a tax rate of 25%. During the year, Spencer had the following securities outstanding: 180,000 shares of common stock. 7,500 shares of 6%, $100 par, nonconvertible, cumulative preferred stock. 7,500 shares of 6%, $100 par, cumulative preferred stock, each convertible into 1.75 shares of common stock. 750 bonds, $1,000 face value, 8% interest, each convertible into 30 shares of common stock (issued at face value). 300 bonds, $1,000 face value, 6% interest, each convertible into 20 shares of common stock (issued at face value). Required a. Compute basic EPS. b. Compute diluted EPS. Note: Round earnings per share amounts to two decimal places. Net Income Available to weighted Avg. Common Per Common Stockholders Shares Outstanding Share Basic EPS $ 0 0 $ Diluted EPS $ 0 0 $ 0 0