Assume the following facts about a parent and its 75% owned subsidiary company: Parent Subsidiary $45,000 22,000 (16,500-75% owned by parent) Net income Common shares outstanding Convertible preferred stock $180,000 50,000 Dividends $17,100 Convertible into9,000 shares of common stock Interest expense after tax $7,200 Convertible into 4,500 shares of Common stock Convertible bonds. a. Compute basic eanings per share b. Compute diluted earnings per share