Net income (30% tax rate) $3,200,000 Weighted average number of shares of common stock outstanding 960,000 9% Cumulative Convertible Preferred Stock $10 Par, 150,000 shares issued and outstanding, convertible into 300,000 shares of common stock. This stock was issued on May 1, 2021 $1,500,000 Stock Options Exercisable at the option price of $25 per share. Average market price of common stock in 2021 was $30. 30,000 options. 30,000 shares Bonds $2,500,000 face value, issued at par on January 1, 2019. The bonds pay 8% interest, and each $5,000 bond (500 bonds) can be converted into 150 shares of common stock. $2,500,000 Required: 1. 6 points. Please compute the basic earnings per share for the year ended December 31, 2021(round to the nearest penny). No dividend was paid nor declared on preferred stock in 2021. For full credit, please show all computations. 2. 12 points. Please compute the diluted earnings per share for 2021 (round to the nearest penny). For full credit, please show all computations. Check figure, diluted EPS is $2.69. 3. 4 points. Show antidilution tests for the convertible bonds and convertible preferred stock.