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Calculate basic and diluted earnings per share. Enter the amounts to be reported as Basic Eps and diluted EPS. Rawlings Manufacturing reported net income of

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Calculate basic and diluted earnings per share. Enter the amounts to be reported as Basic Eps and diluted EPS.
Rawlings Manufacturing reported net income of $345,000 for the year-ended December 31, 20X1. The company nad 16.000 shares of outstanding convertible preferred stock with a par value of $10 per share and a stated dividend rate of 7%. Dividends were paid in 20X1 at the stated rate. Each share of preferred stock can be converted into two shares of common stock. Rawlings also had $300,000 of convertible bonds outstanding that were sold at par and paid a stated rate of interest of 6%. Each $1,000 bond can be converted into 18 shares of common stock. Rawlings had 18,000 stock options outstanding that had an exercise price of $50 per option. The average price of Rawlings common stock during 20x1 was $61. The cloning price of the company's stock on the last day of trading in 20x1 was $57 per share. Rawlings had 151.700 shares of common stock issued and outstanding during 20X1 and a tax rate of 42%

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