Cheyenne Corporation earned $2,755,000 during 2025. The company had a weighted-average of 554,000 shares of common stock outstanding. The average market price of common stock was $34 per share during the year. The company also had 53,000 warrants outstanding, of which two warrants could be exercised to purchase one share of common stock for $32 in total. (a) Are the warrants dilutive? Yes (b) Compute basic earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Basic earnings per share $ (c) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $