Please answer #2 to the question.

The Diluted earnings per share for 2013.

Assume that the following data relative to Kane Company for 2013 is available: Net Income. Tax Rate Transactions in Common Shares Jan. 1, 2013, Beginning number. July 1, 2013, 50,000 shares of preferred converted to CS Nov. 1, 2013, Issuance of shares. $2,100,000 30% 8% Non-Cumulative Convertible Preferred Stock 100,000 shares remaining at 12/31/2013, Sold at par, Change 700,000 60,000 150,000 180,000 convertible into 300,000 shares of common, 150,000 shares were outstanding at the beginning of the year... $1,000,000 Stock Options Exercisable at the option price of $25 per share. Average market price in 2013,$30 90,000 shares 6\% Convertible Bonds The bonds originally sold at 100 , and the discount or premium is amortized using the effective-interest method. Interest is payable on July 1 and January 1 . Each of the 3000,$1,000 bonds is convertible into 100 shares of common stock. Required: 1. Compute the basic earnings per share for 2013. (Round to the nearest penny.) 2. Compute the diluted earnings per share for 2013. (Round to the nearest penny.)