Question 13 of 13 > - / 20 View Policies Current Attempt in Progress On June 1, 2018 Sheridan Company and Skysong Company merged to form Concord Inc. A total of 725,000 shares were issued to complete the merger. The new corporation reports on a calendar-year basis. On April 1, 2020, the company issued an additional 616,000 shares of stock for cash. All 1,341.000 shares were outstanding on December 31, 2020 Concord Inc. also issued $600,000 of 20 year, 8% convertible bonds at por on July 1, 2020. Each $1.000 bond converts to 40 shares of common at any interest date. None of the bonds have been converted to date, Concord Inc. is preparing its was report for the fiscal year ending December 31, 2020. The annual report will show earnings per share figures based upon a reported after tax net income of $1.592.000. (The tax rate is 20%) Determine the following for 2020 (a) The number of shares to be used for calculating (Round answers to decimal places, es $2,500) Fanic earnings per share Diluted earrings per share (1) shares 123 B! The earnings fugues to be used for calculating: (Hound answers to decimal places, es $2,500) Basic earnings per share Diluted earnings per share (1) 5 121 eTextbook and Media Attempts unlimited Sub Amer 33