Exercise 17-16 Pharoah Corp.'s net income for 2020 is $148,900. The only potentially dilutive securities outstanding were 2,200 call options issued during 2019, with each option being exercisable for one share at $12. None have been exercised, and 22,300 common shares were outstanding during 2020. The average market price of the company's shares during 2020 was $15. Calculate diluted earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share $ Assuming that the 2,200 call options were instead issued on November 1, 2020 (rather than in 2019), calculate diluted earnings per share for the year ended December 31, 2020. The average market price during the last two months of 2020 was $15. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share $