Calculating EPS and Multiple SecuritiesAt the end of 2020, the records of Wolverine Corporation reflected the following.Common stock, $10 par; authorized 100,000 shares: issued and outstanding throughout the year, 50,000 shares $500,000Preferred stock, $50 par, 7%, cumulative, convertible into common stock, share for share; authorized, 10,000 shares; issued and outstanding throughout year, 2,000 shares 100,000Contributed capital in excess of par, common stock 80,000Retained earnings (no dividends declared during the year) 470,000Bonds payable, 10% nonconvertible, issued at par in 2016 150,000Net income 120,000Stock options outstanding (all year for 10,000 shares of common stock at $15 per share) Income tax rate, 25% Average market price of the common stock during 2020, $25 per share Requireda. Is this a simple or a complex capital structure?AnswerSimple structureComplex structureb. Compute the required EPS amounts.Note: Round earnings per share amounts to two decimal places.Note: If an amount is not required, leave the answer blank (zero).Net Income Available toCommon Stockholders Weighted Avg. CommonShares Outstanding PerShareBasic EPS Answer Answer AnswerDiluted EPS Answer Answer Answer