Presented below is information related to Starr Company 1. Net Income [including a discontinued operations gain (net of tax) of $65,000] 2. Capital Structure $345,000 a. Cumulative 5% preferred stock, $100 par, 6,100 shares issued and outstanding b. $10 par common stock, 74,000 shares outstanding on January 1. On April 1, 40,000 shares were issued for cash. On October 1, 16,000 shares were purchased and retired c. On January 2 of the current year, Starr purchased Oslo Corporation. One of the terms of the purchase was that if Oslo net income for the following year is $244,000 or more $610,000 $1,000,000 50,000 additlonal shares would be issued to Oslo stockholders next year. Oslo's net income for the current year was $2,600,000 3. Other Information a. Average market price per share of common stock during entire year b. Income tax rate $30 30% | Compute weighted average shares outstanding. Weighted average shares outstanding Compute earnings per share for the current year. (Round answers to 2 decimal places, e.g. 52.75.) Basic earnings per share Diluted earnings per share s