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IndigoLtd. reported $4,689,900of net income for the fiscal year ended December 31, 2021. The company had386,000weighted average common shares outstanding for the year. The common

IndigoLtd. reported $4,689,900of net income for the fiscal year ended December 31, 2021. The company had386,000weighted average common shares outstanding for the year. The common shares sold at an average market price of $23per share during the period. Also outstanding during the fiscal year were25,300warrants that could be used to purchase 5 common shares each at a price of $21. None of the warrants were exercised during the fiscal year.

Are the warrants dilutive?

Calculate basic earnings per share.

Calculate diluted earnings per share

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