In 2020 Our Company had Net Income of $825,000. On 1/1/20, there were 150,000 shares of common stock outstanding, On 4/1/20, we issued 54,000 shares of common stock. On 6/1/20, we issued 36,000 shares of $100 par value, 6% cumulative preferred stock. This preferred stock is convertible into 72,000 shares of common stock. On 9/1/20, we issued $9,000,000 of 4% bonds at par. These bonds are convertible into 72,000 shares of common stock. The marginal tax rate is 25%. In addition, there are 135,000 options outstanding at 12/31/20. Each option entitles the holder to exchange it for 1 share of common stock at an exercise price of $20 per share. The average market price for common stock for 2020 was $50. Please be sure to show your calculations so that you can earn partial credit. How much is Basic Earnings Per Share? How much is Diluted Earnings Per Share? Your answer should be in this format: How much is Basic Earnings Per Share? $0.00 How much is Diluted Earnings Per Share? $0.00 Show your calculations! TT T Arial 3 (12pt) T E . . > Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answ