Information below pertains to Barkley Company for 2018:

Net income for the year--$1,200,000. 7% convertible bonds at par ($1,000); each bond is convertible into 30 shares of common stock--2,000,000. 6% convertible, cumulative preferred sotkc, $100 par value; each share is converttible into 3 shares of common stock--4,000,000. Common stock, $10 par value--6,000,000. Tax rate for 2018--40%. Average market price of common stock--$25 per share.There were no chages during 2018 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasurey stock. The company also has common stock options (granted in a prior year) to purchase 75,000 shares of common stock at $20 per share.

A. Compute basic earnings per share for 2018.

B. Compute diluted earnings per share for 2018.