Parker Corp reported net operating income of 150 million in 2017. The following information is available regarding capital transactions in 2018: On January 1, 60 million common shares were outstanding. On March 1,6 million new shares were issued. On June 17, a 10% stock dividend was issued. . On October 1,8 million treasury shares were purchased. 5 million $10 par Nonconvertible 8% preferred shares were outstanding. Incentive stock options were granted in 2013, exercisable after 2017 for 20 million shares at $20 per share. The market price in 2018 averaged $25 per share. 300 million 10% convertible bonds issued in 2017. are convertible into 12 million shares. The income tax rate for 2018 is 40%. Required: Compute basic and diluted earnings per share for 2018