Pina Ltd reported Long-Term Liabilities and Shareholders' Equity in its December 31, 2021 balance sheet as follows:

Long Term Liabilities:
Bonds Payable		$2,000,000
6% interest, convertible to 40 common shares/$1,000 bond
Bonds Payable		$5,400,000
9% interest, convertible to 40 common shares/$1,000 bond
Shareholders' Equity:
Class A Preferred shares no par value, $3 dividend, cumulative, each preferred share convertible into 8 common shares, 250,000 authorized, issued and outstanding		$2,000,000
Class B Common shares No-par, 2,700,000 authorized, issued and outstanding		$5,400,000

All of the above reported bonds payable, preferred shares and common shares were outstanding throughout fiscal 2021. No transactions involving the bonds payable, preferred shares or common shares occurred during fiscal 2021, except for interest on the bonds payable. The bonds payable were all issued and sold at par. Preferred dividends had not been declared in fiscal 2020. Pina also had Class B common stock written call options to purchase 90,000 common shares at $5.00 per share outstanding throughout fiscal 2021. No options were exercised during fiscal 2021. The fair market value of Pina's common shares was $9.00 per share throughout fiscal 2021. Pinas income tax rate is 15%. The weighted average of common shares outstanding for 2021 was 2,700,000 common shares, and Pina earned net income of $4,000,000.

Calculate the proceeds from assumed exercise of options.

Proceeds from exercise of options

$

Calculate the incremental shares oustanding upon the exercise of options.

The incremental shares oustanding upon the exercise of options