ABC Corporation earned net income of $400,000 in 2019 and had 100,000 shares of common stock outstanding throughout the year. On Oct 1, 2019, the company issued $800,000 of 9% bonds, which are convertible into 20,000 shares of common. ABC's tax rate is 25 percent. Compute ABC's 2017 basic and diluted earnings per share. 7 ir E. T: B.I n or