Giovanni Corp. had $1,000,000 net income in 2021. On January 1, 2021 there were 200,000 shares of common stock outstanding. There are 30,000 options to buy common stock at $40 a share outstanding. The market price of the common stock averaged $50 during 2021. The tax rate is 30%. During 2021, there were 40,000 shares of preferred stock outstanding. The preferred is $100 par, pays $3.50 a year dividend. Giovanni issued $2,000,000 of 8% convertible bonds at face value during 2020. Each $1,000 bond is convertible into 30 shares of common stock. Required: Prepare the Basic and Diluted Earnings per Share for Giovanni Corp. for FY2021. What is meant by the term "diluted" in Diluted Earnings per Share? What is meant by the term "anti-dilutive" as it relates to Earnings per Share? What would cause antidilution to happen?