On June 1,2021, Gustav Corp, and Gabby Limited merged to form Sunland Inc. A total of 820,000 shares were issued to complete the merger. The new corporation uses the calendar year as its fiscal year. On April 1,2023, the compary issued an additional 410,000 shares for cash, All 1.23 million shares were outstanding on December 31. 2023. Sunland also issued $615,000 of 20-year, 7\% convertible bonds at par on July 1, 2023. Each $1,000 bond converts to 43 common shares at the annual interest date. None of the bonds have been corverted to date. If the bonds had been issued without the conversion feature, the annual interest rate would have been 8% Sunland is preparing its annual financial statements for the fiscal year ended December 31, 2023. The financial statements will show earnings per share figures based on a reported after-tax net incorne of $1,890,000. (The tax rate is 30% ) Determine for 2023 the number of shares to be used in calculatine 1. Basic eornings per share, 2. Diluted earnings per share. 1. Number of shares for basicearnings per share shares 2. Number of shares for diluted earnings per share Whares Determine for 2023 the earnings figures to be used in calculating: 1. Basic earnings per share, 2. Diluted earnings per share. (Use a financiat calcutator or Excet functions insrriving at the catcutations for the bonds] fround foctor vatues to 5 decimat places, est 1.25124 and all other answers to 0 decimal ploces, es. 5.275. 1. Earnings for basic earnings per share 2. Earnings for diluted earnings per share