Aria Ltd provides the following information for calendar 2020 Net income Capital Structure $520,000 Convertible 6% bonds. Each of the 300,$1,000 bonds is convertible into 50 common shares $300,000 $8 convertible preferred shares, no par value, cumulative, $600,000 6,000 shares outstanding (each share convertible to 2 common shares) $10 convertible preferred shares, no par value cumulative, 1,000 shares $100,000 Outstanding (each share convertible to 4 common shares) Common shares, $1,000,000 76,000 shares outstanding on January 1. On April 1, 40,000 shares were issued for cash. On October 1, 16,000 shares were repurchased and retired Income Tax Rate 40% REQUIRED: A. (2.5\%) Calculate the Weighted average number shares outstanding for 2020 B. (2.5%) Calculate Basic Earnings Per share C. (7%) Calculate Diluted Earnings Per share