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Carla Vista Corporation earned $490,000 during a period when it had an average of 107,000 common shares outstanding. The common shares sold at an average

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image text in transcribedimage text in transcribed Carla Vista Corporation earned $490,000 during a period when it had an average of 107,000 common shares outstanding. The common shares sold at an average market price of $20 per share during the period. Also outstanding were 18,600 warrants that could each be exercised to purchase one common share for $12. Are the warrants dilutive? Calculate basic earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Basic earnings per share $ Calculate diluted earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share $

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