N The following information was taken from the books and records of Myers, Inc 10 years Net income $600,000 Capital structure a Convertible 6% bonds. Each of the 300, $1,000 bonds is convertible into 50 shares of common stock at the present date and for the next $300,000 b. $10 par common stock, 200,000 shares issued and outstanding during the entire year. $2,000,000 c. Stock warrants outstanding to buy 16,000 shares of common stock at $15 per share Other information: Bonds converted during the None b. Income tax rate 21% c. Convertible debt was outstanding the entire year d. Average market price per share of common stock during the year $30 Warrants were outstanding the entire year f. Warrants exercised during the year None year a e. Compute basic earnings per share. (1 points) Compute the diluted earnings per share. (3 points)