16-8 the information below pertains to the Martinez company for 2018

Problem 16 The information below pertains to Martinez Company for 2018 Net income for the year 6% convertible bonds sued at par($1,000 per bond); each bond s convert ble ito 1,150,000 2,040,000 6% convertitiewuletive referred stock. $100 par value; each nre is convertee 4,130,00 Common stock, $10 par valu ,030,000 Average merket price of common sto 25 per share There wre no changes during 2018 in the number of common shares, preferred shares,or convertible bonds sutstending There is no treesury stock. The company also has commen stock options (oranted in a pror year) te purchase 73,600 shares of common stock at $20 per share () Compute besic eemings per share for 2018 (Round answer to 2 decimal places, eg.2.55 esic eemings per share (b) Compute diuted eamings per share for 2018. (Round anwer to 2 decimal places,.g82.5s Dluted earnings par share