I. Stan Corp. provides the following data for 20x1. Transactions in common stock: 1/1, beginning 4/1, issuance 300,000 shares 100,000 shares 8% $100 par nonconvertible cumulative preferred stock $100,000 Issued at par 6% $100 par convertible cumulative preferred stock $200,000 Issued at $105 Convertible into 20,000 shares 60,000 shares S25 Stock options Option price Average market price Year-end market price $35 $40 The net income for 20x1 is $2,300,000. The company's tax rate is 30 percent. No conversion or options were exercised during 20xl Compute basic and diluted earnings per share