he information below pertains to Novak Company for 2018. Net income for the year 7%convertible bonds issued at par ($1,000 per bond); each bond is convertible into $1,160,000 30 shares of common stock 6% convertible, cumulative preferred stock, $100 par value; each share is convertible 2,010,000 into 3 shares of common stock Common stock, $10 par value Tax rate for 2018 Average market price of common stock 4,080,000 5,800,000 40% $25 per share There were no changes during 2018 in the number of common shares, preferred shares company also has common stock options (granted in a prior year) to purchase 82,100 shares of common stock at $20 per share. , or convertible bonds outstanding. There is no treasury stock. The (a) Compute basic earnings per share for 2018. (Round answer to 2 decimal places, e.g. s2.55.) Basic earnings per shares (b) Compute diluted earnings per share for 2018. (Round answer to 2 declmal places, e.g. s2.5.) Diluted earnings per share Click if you would like to Show Work for this auestion: Onen