Basic and diluted EPS. Assume that the following data relative to Vang Company for 2022 is available

Basic and diluted EPS. Assume that the following data relative to Vang Company for 2022 is available: Net Income Transactions in Common Shares Jan. 1, 2022, Beginning number Mar. 1, 2022, Purchase of treasury shares June 1, 2022, Stock split 2-1 Nov. 1, 2022, Issuance Ot shares Cumulative Convertible Prelerred Stock Sold at par, convertible into 200,000 snares of common (adjusted tor split). Stock Options Exercisable at the option price ot $25 per share. Average market price in 2022, $30 (market price and option price adjusted tor split). Instructions using EXCEL - Change (60.000) 640,000 240,000 Cumulative 700,000 640,000 1,280.000 00.000 snares (a) compute the basic earnings per share tor 2022. (Round to the nearest penny.) (b) Compute the diluted earnings per share tor 2022. (Round to the nearest penny.)