On June 1, 2015, Oriole Company and Waterway Company merged to form Wildhorse Inc. A total of 789,000 shares were issued to complete the merger. The new corporation reports on a calendar-year basis. On April 1, 2017, the company issued an additional 636,000 shares of stock for cash. All 1,425,000 shares were outstanding on December 31, 2017 wildhorse Inc. also issued S600 000 of 20 year, 9% convertible bonds at par on l y 1,2017. Each si None of the bonds have been converted to date bo n erts to ins es re am see ee wildhorse Inc. la reparing its annual report for the focal year ending December after-tax net income of $1,657,000. (The tax rate is 40%,) 1, 2017. The annual report will show earnings per share figures besed upon a reported 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 shore 314750 shares (2) Diluted earnings per share 1326150 shares (b) The earnings figures 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 1651000 1667200 Open Show Wark Click if you would like to Show Work for this question: 6