Headland Corporation issued 20 year, 59,000000 racevaluo, 9% commentibe debentures on Janciary 1.2020 The bonds hive a bar value of 51.000 , with interest payable semannually. The initial conversion ratio is 10.1 and in 3 years it will increale to 121 At the date of ismue, the bonds were sold at 106. Bond premiam is amortized on a straight-line basis. Headland's effectibe tac rate was 40% Net income in 2020 was $28,000,000, and the company had 12,740,000 common shares issued and outstanding during the entime qear: Compute both basic and dilated eamings per share ifound amwen to 2 decimainlocon, ef 2.55 . Baslc earnings per share Dilutedearnings per share 5