On January 1, 2021, Tonge Industries had outstanding 700.000 common shares ($1 parthat originally sold for $25 per share, and 5,000 shares of 10% cumulative preferred stock (5100 par), convertible into 50,000 common shares On October 1, 2021. Tonge sold and issued an additional 12,000 shares of common stock at $37. At December 31, 2021, there were 22,000 incentive stock options outstanding, issued in 2020, and exercisable after one year for 22,000 shares of common stock at an exercise price of $34. The market price of the common stock at year-end was $52. During the year, the price of the common shares had averaged $44. Net income was $840,000. The tax rate for the year was 25% Required: Compute basic and diluted EPS for the year ended December 31, 2021. (Enter your answers in thousands (l.e., 100,000 should be entered os 100). Round "Earnings per share" answers to 2 decimal places.) Numerator Denominator Earnings per share Basic 4 Dluted