Basic and Diluted EPS Given the following year-end information,
compute Greenwood Corporation's basic and diluted earnings per
share. Net income, $15,000 The income tax rate, 30% 4,000 shares of
common stock were outstanding the entire year. 500 shares of 10%,
$50 par (and issuance price) convertible preferred stock were
outstanding the entire year. Dividends of $2,500 were declared on
this stock during the year. Each share of preferred stock is
convertible into 5 shares of common stock. Round your answers to
two decimal places. Basic earnings per share $ 3.13 Diluted
earnings per share $ What is the diluted earnings per share.