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Assume that the following data relative to Ohio Company for 2021 available: Net Income \$2,100,00 Transactions Common Shares Change Cumulative Jan 12021 , Beginning number 700,000 Mar. 1 2021Purchase of treasury shares (60,000) 640,000 June 1 2021, 50% Stock Dividend 320,000 960,000 Nov. 1 2021, Issuance of shares 240,000 1,200,000 6% Cumulative Convertible Preferred Stock Sold at par on January 1, 2021, convertible into 200,000 shares of common $1,000,000 Stock Options Exercisable at the option price of $25 per share . Average market price in 2021, $30 and 90,000 options outstanding since 2019 . Instructions () Compute the basic earnings per share for 2021. Round to the nearest penny ) (b) Compute the diluted earnings per share for 2021. (Round to the nearest penny.)