dana Corporation has 400,000 shares of common stock outstanding throughout 2021. In addition, the corporation has 5,000, $1,000, 20-year, 9% bonds issued at par in 2016. Each $1,000 bond is convertible into 20 shares of common stock but none were converted in 2021. During the year 2021, the corporation earned $900,000 after deducting all expenses. The tax rate was 30%.

Instructions Compute the proper earnings per share for 2021 (basic and diluted)