1. Situation: Monsanto Corporation was incorporated in 2021. During 2021 , the company issued 100,000 shares of $1 par value common stock for $27 per share. During 2022 , the company had the following transactions. Note: Nothing is required by the student for this section. Monsanto had net income of $400,000. 4. Calculation of Basic Earnings Per Share: Calculate basic earnings per share. Show the components of your solution in the table below. 5. Calculation of Diluted Earnings Per Share: Calculate diluted earnings per share. Show the components of your solution in the table below