(a) (b) Compute diluted earnings per share for 2021. Earnings per Share with Options Omaha Company's net income for 2021 was $900,000. The tax rate was 20%. The only potentially dilutive securities outstanding were 900 options issued during 2020. Each option can be exercised for one share of common stock at $22 per share. None has been exercised, and 100,000 shares of common stock were outstanding during 2021. In addition, 2,000 shares of 6% $100 par non-cumulative preferred stock were outstanding. Omaha's Board of Directors declares total dividends of $15,000 in 2021. The average price of Omaha's common stock during 2021 was $40. Instructions: (a) Compute basic earnings per share for 2021. (b) Compute diluted earnings per share for 2021. I