Concord Company's net income for 2020 is $680,000, and 86,000 shares of common stock were issued and outstanding during 2020 The only potentially difutive securities outstanding were 28,000 excutive stock options issued during 2019 , each curcisable for one share at $19.50, none of these have been exercised. The average market price of Concards stock during 2020 was $2500 (a) Compute diluted earnings per share. (Round anwwer to 2 decinal ploces es. 2.55) Diluted earnings per share S (b) Assume the same facts as those assumed for part (a), except that 10.000 additional ceptions wore issued on Octeber 1.2020 . Witit an exercise price of $26.00 (the market price of the common stock on thut datel. The average market price durins the last 3 months of 2020 was $28.50. (Round answer to 2 decimal places es 2.55 ) Diluted earnings per share