Alciatore Company earned a net income of $150,000 in 2013. The weighted average number of common shares outstanding for 2016 was 40,000. The average stock price for 2016 was $33. Assume an income tax rate of 40%. For each of the following independent situations, indicate whether the effect of the security is anti-dilutive for diluted EPS.

1. 10,000 shares of 7.7% of $100 par convertible cumulative preferred stock Each share may be converted into 2 common shares

2. 8% convertible 10 year, $500,000 bonds, issued at face value. The bonds are convertible into 5,000 shares of common stock.

3. Stock options exercisable at $30 per share after January 1, 2018

4. Warrants for 1,000 common shares with an exercise price of $35 per share

5. A contingent agreement to issue 5,000 shares of stock to the company president if net income is at least $125,000 in 2017.

Can you how to find basic earnings per share and diluted earnings per share??