I. The following information was taken from the books and records of Ludwick, Inc.: 1. Income from Continuing Operations $ 480,000 Discontinued Operations (net of tax) 70,000 2. Capital structure: a. Convertible 6% bonds. Each of the 300, $1,000 bonds is convertible into 50 shares of common stock at the present date and for the next 10 years. 300,000 b. $10 par common stock, 200,000 shares issued and outstanding during the entire year. 2,000,000 c. Stock warrants outstanding to buy 16,000 shares of common stock at $20 per share. 3. Other information: a. Bonds converted during the year None b. Income tax rate 30% c. Convertible debt was outstanding the entire year d. Average market price per share of common stock during the year $32 e. Warrants were outstanding the entire year f. Warrants exercised during the year None To do: a. Compute Basic Earnings per share for Income from Continuing Operations, Discontinued Operations, and Net income b. Analyze: show the impact of each dilutive security c. Integrate: Compute Dilutive Earnings per share for Income from Continuing Operations, Discontinued Operations, and Net income.