Please help me solve this question, I'm having problem solving it. Thank you. Kollins Kids, Ltd. began the current year with 320 comma 000 common shares outstanding and issued an additional 120 comma 000 shares on August 1. The firm has $ 8 comma 000 comma 000, 5% convertible bonds outstanding at the beginning of the year (i.e., $ 400 comma 000 coupon interest per year), which are convertible into 180 comma 000 shares of common stock. The firm issued the bonds at their par value and converted them on April 1. Kollins Kids also has $ 920 comma 000 par value, 4% convertible, noncumulative preferred stock outstanding. The preferred shares can convert into 10 comma 000 shares of common stock and were outstanding for a full year. The firm declared dividends for the current year. There were no actual conversions of the preferred stock during the year. Kollins is subject to a 40% effective tax rate, and net income is $ 2 comma 800 comma 000. Assume that all convertible securities are dilutive.