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The Sunland Corporation issued 10 year, $5,470,000 par, 7% callable convertible subordinated debentures on January 2, 2025, The bonds have a par value of $1,000, with interest payable annuafly. The current conversion ratio is 13:1, and in 2 years it wift Increase to 18:1. At the date of issue, the bonds were sold at 96. Bond discount is amortized on a straight-line basis. Sunland's effective tax. was 2096 . Net income in 202,5 was \$9,350,000, and the company had 1,820,000 shares outstanding during the entire year. Compute both basic and dituted earnings per share. (Round answers to 2 decimal places, es. 2.55.) Basic earnings per share 5 Diluted earnings per share