Please show work and or calculations

PROBLEMS 10. Colby Company reported net income of $800,000 in Year 1 and $600,000 in Year 2 Colby had 500,000 shares of common stock outstanding during all of Year 1 and had the following stock transactions in Year 2: December 31, Year 1 500,000 shares outstanding April 1, Year 2 issued 80,000 shares July 1, Year 2 issued 20,000 shares October 1, Year 2 2 for 1 stock split Colby also had 4% cumulative non-convertible $100 par preferred stock, 10,000 shares outstanding. During Year 1 and Year 2, Colby paid the required dividend on the preferred stock. Calculate Basic EPS for Year 1 and Year 2 as reported in the Year 2 Annual Report (8 pts) Year 1 Year 2 Basis EPS The following items as of December 31