Fully vested incentive stock options exercisable at $64 per share to obtain 25,000 shares of common stock were outstanding during a period when the average market price of the common stock was $80 and the ending market price was $80. What will be the net increase in the weighted average number of shares outstanding due to the assumed exercise of these options when calculating diluted earnings per share? Number of shares Ahnberg Corporation had 860,000 shares of common stock issued and outstanding at January 1. No common shares were issued during the year, but on January 1, Ahnberg issued 480,000 shares of convertible preferred stock. The preferred shares are convertible into 960,000 shares of common stock. During the year Ahnberg paid $288,000 cash dividends on the preferred stock. Net income was $4,330,000. What were Ahnberg's basic and diluted earnings per share for the year? (Round your answers to 2 decimal places.) Basic EPS Diluted EPS