earning per share and the related disclosure for Flint's frnancial statenents. Delow s selected firancial infarmation for the focal year ended June 30,2020 The following transactions have also occurred at Flint. 1. Options were granted on July 1,2019, to purchase 180,000 shares at $16 per shure. Although no options were oertised during fiscal year 2020, the average price per comenon share during fiscal year 2020 was 570 per share 2. Each bond was issued at face value. The 8% corvertible bonds will convert into commen stock at 50 shar es per $1,000 bond. The bonds are eurcisable after 5 years and were issued in fiscal year 2019. 3. The preferred stock was issued in 2019 4. There are no preferred dividends in artears, however, preferied dividends were not dectared in fivcal year 2000. 5. The 1,010,000 shares of common stock were outstanding for the entire 2020 focal year: 6. Net income for fiscal year 2020 was 31,480,000, and the average income taxcate is 205 . For the fiscal year ended June 30, 2020, calculate the following for Fint Pharmacestical industries, Round enemens to 2 decimal placex. es \$2.45. (a) Basic eamings per share. Easic earnirg per share $ (b) Diluted earnines per share: Dilutend earnings per share 5