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Current Atternpt in Progress On June 1, 2023, Novak Company and Splish Company merged to form Blossom inc. A total of 877,000 shares were issued

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Current Atternpt in Progress On June 1, 2023, Novak Company and Splish Company merged to form Blossom inc. A total of 877,000 shares were issued to compiete the merger, The new corporation reports on a calendar-year basis. On April 1, 2025, the company issued an additional 652,000 shares of stock for cash All 1,529,000 shares were outstandingon December 31, 2025. Blossom Inc also issued $600,000 of 20 -year, 8% comvertible bonds at par on July 1,2025. Each $1,000 bond converts to 44 shares of common at any interest date. None of the bonds have been converted to date. Biossom Inc is preparing its annual report for the fiscal year ending December 31, 2025. The annuai report will show earnings per share figures based upon a reported after-taxnet income of $1,444,000. (The tax rate is 208.) Determine the following for 2025. a. The number of shares to be used for calculating. (Round answers to 0 decimal places, es. 2,500) 1. Basic earnings per share shares 2. Diluted earnings per share shares b. The earnings figures to be used for calculating. (Round answers to 0 decimol places, es. 2,500.) 1. Basic earnings per share $ 2. Diluted earnings per share $

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