On January 1, 2010, Warren Corporation had 1.000,000 shares of common stock outstanding. On March 1, the corporation issued 150,000 new shares to raise additional capital. On July 1 the corporation declared and issued a 20% stock dividend On October 1, the corporation purchased on the market 600.000 of its own outstanding shares and retired them. 10,000 shares of 5%, $100 par value, non-cumulative, preferred stock were outstanding (convertible into 35,000 shares of common). Dividends were declared and paid on the preferred and common stock in 2010 Net income for 2010 was $4, 500,000. Tax rate was 35%. Convertible Bonds, 10%, S300,000 face amount convertible into 50,000 common shares. Also outstanding at January 1.2010 were incentive stock options granted to key executives on January 1, 2005. The options are exercisable as of January 1, 2009, for 45.000 common shares at an exercise price of $25 per share. During 2010, the average market price of the common shares was $45 per share. Required: 1) Determine the Basic Earnings Per Share for 2010. 2) Determine the Diluted Earnings Per Share for 2010