On December 31, 2021. Novak Co. had 189,500 common shares outstanding. The company also had outstanding a convertible bond with a face value of $115,000 that had been issued in 2015. The bond paid 6% interest per year and was convertible to 2,300 common shares. Novak Co. had net income for 2021 of $776,950 and was subject to a 30% income tax rate. (For simplicity. ignore the requirement to record the debt and equity portions of the convertible bond separately), (a) Your answer has been saved. See score details after the due date. Calculate basic earnings per share. (Round answer to 2 decimal places, s. 15.25.) Basic earnings per share $ 1370350 (b) Calculate diluted earnings per share. (Round answer to 2 decimal places, eg. 15.25.) $ Diluted earnings per share