Assume that the following data relative to Carla Vista Company for 2021 is available:

Net Income					$2,830,000
Transactions in Common Shares		Change			Cumulative
Jan. 1, 2021, Beginning number					750,000
Mar. 1, 2021, Purchase of treasury shares		(69,600)			680,400
June 1, 2021, Stock split 2-1		680,400			1,360,800
Nov. 1, 2021, Issuance of shares		228,000			1,588,800
6% Cumulative Convertible Preferred Stock
Sold at par, convertible into 210,000 shares of common (adjusted for split).					$1,050,000
Stock Options
Exercisable at the option price of $25 per share. Average market price in 2021, $30 (market price and option price adjusted for split).					84,000	shares

(a1)

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Compute weighted average shares outstanding for 2021.

Weighted average shares outstanding

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(a2)

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Compute the basic earnings per share for 2021. (Round answer to 2 decimal places, e.g. 52.75.)

Basic earnings per share

$

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(b)

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Compute the diluted earnings per share for 2021. (Round answer to 2 decimal places, e.g. 52.75.)

Diluted earnings per share

$