Online Network Inc. has a net income of $550,000 in the current fiscal year. There are 100,000 shares of common stock outstanding, along with convertible bonds, which have a total face value of $1.5 million. The $15 million is represented by 1,500 different $1,000 bonds. Each $1,000 bond pays 4 percent interest. The conversion ratio is 10. The firm is in a 30 percent tax bracket. a. Compute basic earnings per share. (Do not round intermediate calculations and round your answer to 2 decimal places.) Basic earnings per share b. Compute diluted earnings per share. (Do not round intermediate calculations and round your answer to 2 decimal places.) Diluted earnings per share