In 2021 Our Company had Net Income of $825,000.On 1/1/21, there were 250,000 shares of common stock outstanding.On 4/1/21, we issued 54,000 shares of common stock.On 6/1/21, 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 9/1/21, we issued $9,000,000 of 4% bonds at par.These bonds are convertible into 60,000 shares of common stock.The marginal tax rate is 30%.In addition, there are 130,000 options outstanding at 12/31/21.Each option entitles the holder to exchange it for 1 share of common stock at an exercise price of $22 per share.The average market price for common stock for 2021 was $60.Be sure to show your calculations!Required:Answer:How much is Basic Earnings Per Share?How much is Diluted Earnings Per Share?