#3 part a. (15 points) Pork Barrel Industries Corporation had bonds outstanding on December 31, 2018 W maturity value of $3,600,000 and an interest rate of 4%. The bonds were issued at a and can be converted into common stock of the company at a ratio of 24 shares on stock for every $1,000 of bonds. No bonds have been converted as of December 31, Pork Barrel Corporation reported net income of $1,560,800 a "poration reported net income of $1.560.800 and had 750,000 shares of common stock outstanding the entire year. bonds were issued at "face value" Required: Calculate basis earnings per share and diluted earnings per share for 2018. #3 part b. (10 points) On January 1, 2018 Humes and Berg Corporation had 300,000 shares of common stock outstanding. During 2018 the following common stock transactions took place: May 1" 120,000 shares issued. July 1$ 80,000 shares issued. Oct. 19 Issued a 4:1 Stock split. Dec. 1Acquired 90,000 shares of treasury stock. Required: calculate the "weighted average number of common shares outstanding for 2018