At December 31, 2017, Tamarisk Company had 490,000 shares of common stock issued and outstanding, 300,000 of which had been issued and outstanding throughout the year and 190,000 of which were issued on October 1, 2017. Net income for the year ended December 31, 2017, was $1,290,000. * Your answer is incorrect. What should be Tamarisk's 2017 basic earnings per common share? (Round answer to 2 decimal places, e.g. 15.25.) Earnings Per Common Share Assume that Tamarisk issued 10-year, $210,000 face value, 6% bonds in 2016 at par (payable annually on January 1). Each $1,000 bond is convertible into 30 shares of Tamarisk's $2 par value common stock. Compute diluted earnings per share. Ignore taxes. (Round answer to 2 decimal places, e.g. 15.25.) Diluted Earnings Per Share