In 2025, TC Air Inc.'s net income was $1,200,000. Air had 115,000 ordinary shares outstanding at year-end. There were two ordinary share transactions during the year: i) Air declared and distributed a two-for-one stock split on March 1, 2025; and ii) Option C was exercised on April 1, 2025. Details of Air's stock option plans follow: (Click the icon to view the details.) i (Click the icon for additional information.) Requirement a. Calculate Air's basic earnings per share for the year that ended December 31, 2025. Select the formula and enter the amounts to compute Air's basic EPS in 2025. (Abbreviations used: WASO = Weighted average number of ordinary shares outstanding. Do not round u your final answer. Then round the WASO amount to the nearest whole number. Round the earnings per share [EPS] to the nearest cent, $X.XX.) + = Basic EPS = Requirement b. Calculate Air's diluted earnings per share for the year that ended December 31, 2025. Begin by selecting the potential ordinary shares that are potentially dilutive and then complete the schedule. (Enter a "0" for any zero balances. Round your final answer for share effec the nearest whole number.) Potential ordinary shares Income effect Share effect Now complete the table below to calculate the diluted earnings per share for the year that ended December 31, 2025. (Round all EPS amounts to the nearest cent, $X.XX.) Diluted EPS Income Shares EPS