On June 1, 2015, Flounder Company and Culver Company merged to form Larkspur Inc. A total of 811,000 shares were issued to complete the merger. The new on a On April 1, 2017, the company issued an additional 638,000 shares of stock for cash. All 1,449,000 shares were outstanding on December 31, 2017. Larkspur Inc. also issued $600,000 of 20-year, 7% convertible bonds at par on July 1 2017. Each S 1,000 bond converts to 42 shares of common at any interest date. None of the date. Larkspur Inc. is preparing its annual report for the fiscal year ending December 31, 2017. The annual report will show earnings per share figures based upon a reported after-tax net income of $1,568,000. (The tax rate is 40%.) Determine the following for 2017 (a) The number of shares to be used for calculating: (Round answers to o decimal places, e.g. $2,500.) (1) Basic earnings per share (2) Diluted earnings per share (b) The earnings figures to be used for calculating: (Round answers to 0 decimal places, e.g.$2,500.) shares shares (2) Diluted earnings per shares