During 2021, Oxford Company had 100,000 shares of $5 par value common stock and 5,000 shares of 5%, $100 par value convertible preferred stock outstanding. Each share of preferred stock may be converted into two shares of common stock. Oxford Company's 2021 net income was $1,500,000. State your answers as dollar amounts, rounded to the nearest penny. 1. What is the amount of basic earnings per share for 2021? 2. What is the amount of diluted earnings per share for 2021