Int. 3 Pr DILUTED EARNINGS PER SHARE STOCK OPTIONS Kulkulcan Technology Co. provides the following data at December 31, 2015. 35% Common stock outstanding during the entire year.................... 34,000 shares On January 1, 2015, there were options outstanding to purchase 9,000 shares of common stock at S20 per share. The average market price for the year was $26 per share. The balance sheet reports $510,000 of 7% nonconvertible bonds at December 31, 2015. (Interest expense is included in operating expenses.) Instructions: 1. Compute basic EPS for 2015. 2. Compute diluted EPS for 2015