The income statement for Fignon Co. for the year ended December 31, 2011, reported the following.

Income from continuing operations before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . $35,000

Income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,000

Income from continuing operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $21,000

Loss from disposal of segment (net of income taxes) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,200)

Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . $16,800

Compute basic EPS amounts for 2011 under each of the following assumptions (consider each assumption separately):

(a) The company has only one class of common stock with 20,000 shares outstanding.

(b) The company has shares outstanding as follows: preferred 8% stock, $15 par, cumulative, 5,000 shares; common, $12 par, 20,000 shares. Only the current year’s preferred dividends are unpaid.

(c) Same as (b) except that Fignon Co. also has preferred 7% stock, $10 par, noncumulative, 6,000 shares, and only $3,000 in dividends on the noncumulative preferred has been declared.