Bloodhound Corp. provides the following data for calendar 2020 Net Income. Transactions in Common Shares Change Jan 1 beginning Mar 1 purchase of treasury shares (60,000) Jun 1 shares split 2 for 1 940,000 Nov 1 issuance of new shares 120,000 $ 2,400,000 Cumulative 1,000,000 940,000 1,880,000 2,000,000 8% Cumulative Convertible Preferred Shares (no par) Convertible into 200,000 common shares adjusted for split on June 1. $ 1,000,000 Stock Options Exercisable at the option price of $ 25 per share. Average market price in 2020 was $ 30 (malet price and option price adjusted for split)....... Instructions a) Calculate basic earnings per share for 2020. b) Calculate diluted earnings per share for 2020, 60,000 shares