calulate basic diluted earnings per share. enter tthe amounts to be reported as basic EPS AND Diluted EPS

24 pts Question 16 Rawlings Manufacturing reported net income of $345,000 for the year-ended December 31, 20X1. The company had 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 closing 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%