Presented below is information related to Spongy Company Net Income $280,000 Capital Structure: Convertible 8% preferred stock, $100 par, 6,000 shares issued and outstanding. Each share is convertible into 100 shares of common stock $600,000 $600,000 $500,000 of 7% bonds at 103, which are due April 30, 2022.Each bond is convertible into 200 shares of common stock. $500,000 Throughout 2026, Spongy had 250,000 stock options outstanding; each option allowed the acquisition of 5 shares of common stock at $35 per share. On January 2 of the current year, Spongy purchased Jicama Corp. One of the terms of the purchase was that if Jicamas Net Income for the current year of any of the next three years is $350,000 or more, 50,000 additional shares would be issued to Jicama stockholders. 100,000 stock purchase warrants outstanding throughout 2026; each warrant allowed the acquisition of one share of common stock at $25. Other information: Stock Prices: January 1 $28 Average $30 December 31 $32 Income Tax Rate 30% Weighted Average Share Outstanding 100,000 shares Compute basic earnings per share Compute complex earnings per share