On June 1. 2018, Pearl Company and Martinez Company merged to form Sandhill inc. A total of 731.000 shares were issued to complete the merger. The new corporation reports on a calendar year basis On April 1, 2020, the company issued an additional 541,000 shares of stock for cash. All 1.272.000 shares were outstanding on December 31, 2020 Sandhill Inc. also issued S600.000 ot 20-year, 8% convertible bonds at par on July 1, 2020 Each $1.000 hond comerts to 40 shares or common at any interest date. None of the bonds have been corwerted to date. Sandhuc is preparing to anal report for the fiscal year endine December 31, 2020. The annual report will show earnings por share pures based upon a reported after tax net income of $1429.000 (The tax rate is 20% Determine the following for 2020, (a) The number of shares to be used for calculating (Round answers to O decimal places, es $2,500) Basic earnings per share shares shares 12) Diluted earnings per share (b) The earnings figures to be used for calculating (Round answers to decimal places. $2,500) $ (1) Basic earnings per share $ (2) Diluted earnings per share