2. April lA total of 400,000 shares of the $3 convertible preferred stock was converted into common stock. The company issued new common stock and retired the preferred stock. This was the only conversion of the preferred stock during 2021. 3. July 11\"; 2-for-1 split of the common stock became effective on this date. The board of directors had authorized the split on June 1. 4. August 1A total of 300,000 shares of common stock were issued to acquire a factory building. 5. November 1A total of 24,000 shares of common stock were purchased on the open market at $9 per share. These shares were to be held as treasury stock and were still in the treasury as of December 31, 2021. 6. Common stock cash dividendsCash dividends to common stockholders were declared and paid as follows. April 15$0.30 per share October 153020 per share 7. Preferred stock cash dividendsCash dividends to preferred stockholders were declared and paid as scheduled. Instructions 1. Determine the number of shares used to compute basic earnings per share for the year ended December 31, 2021. 2. Determine the number of shares used to compute diluted earnings per share for the year ended December 31, 2021. 3. Compute the adjusted net income to be used as the numerator in the basic earnings per share calculation for the year ended December 31, 2021