please do it steo by step

4)Marks (20) Net Income 2. Capital Structure a) $ 8 preferred shares, no par value, cumulative, $ 420,000 $ 600,000 ,000 shares outstanding o dividends were declared during 2020. b) Common shares, 76,000 shares outstanding on January 1. O n April 1, 40,000 shares were issued for cash. On October 1, 16,000 shares were purchased and retired. c) On January 2, 2019, Aria purchased Apso Corporation. $1,000,000 O ne of the terms of the purchase was that if Aria's net income for 2019 or subsequent years is $ 400,000 or more, 50,000 additional common shares would be issued to Apso shareholders. Instructions 1)Calculate basic and diluted earnings per share for 2020. 2)What needs to happen to make the security anti-dilutive