Data for questions $4$ and $5$

"Bella Luna Co$.$ had $200,000$ shares of common stock, $20,000$ shares of converti bl e preferred"

"stock, and $$1,000,000$ of $7\mathrm{.}5\%$ convertible bonds outstand ing d u ring $2019.$ The preferred stock i s convertibl e into $40,000$ shares of common stock. Du ri ng $2019,$ Bella Luna pa i d d ividends of$"$

$"$$$\mathrm{.}90$ per share on the com mon stock and $$3$ per share on the preferred stock. Each $$1,000$ bond is convert i ble i nto $45$ sha res of common stock. The net i ncome for $2019$ was $$600,000$ and the income tax rate was $30\%."$

$4.$ Basic earnings per share for $2019$ i s $($ rou nded to the nea rest penny$)$

a$.$ $$2\mathrm{.}20.$

b$.$ $$2\mathrm{.}42.$

c$.$ $$2\mathrm{.}51.$

d$.$ $$2\mathrm{.}70.$