Calculating EPS and Multiple Securities At the end of the year, the records of Wolverine Corporation reflected the following. Common stock, $10 par; authorized 160,000 shares: issued and outstanding throughout the year,80,000 shares$800,000Preferred stock, $50 par, 7%, cumulative, convertible into common stock, share for share;authorized, 16,000 shares; issued and outstanding throughout year, 3,200 shares160,000Contributed capital in excess of par, common stock128,000Retained earnings (no dividends declared during the year)752,000Bonds payable, 10% nonconvertible, issued at par four years prior240,000Net income180,000Stock options outstanding (all year for 16,000 shares of common stock at $15 per share)Income tax rate, 25%Average market price of the common stock during the year, $25 per share Required a. Is this a simple or a complex capital structure? b. Compute the required EPS amounts. Basic EPS and Diluted EPS please show Net Income available to common stockholders and the Weighted Avg. Common Shares outstanding for part b