Current Attempt in Progress

The information below pertains to Windsor Company for $2026.$

Net income for the year

$$1,210,00$

$7\%$ convertible bonds issued at par $($ $$1,000$ per bond$)$; each bond is convertible into $30$ shares of common stock

$1,970,00$

$6\%$ convertible, cumulative preferred stock, $$100$ par value; each share is convertible into $3$ shares of common stock

$4,200,00$

Common stock, $$10$ par value

$5,820,00$

Tax rate for $2026$

$20\%$

Average market price of common stock

$$25$ per shar

There were no changes during $2026$ in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options $($granted in a prior year$)$ to purchase $71,800$ shares of common stock at $$20$ per share.

a$.$ Compute basic earnings per share for $2026.($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Basic earnings per share $

b$.$ Compute diluted earnings per share for $2026.($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Diluted earnings per share $