QUESTION 2 The following information was taken from the financial statements of Anoshka manufacturing company for the year ended 12/31/2020. Net Income after tax (40% tax) $$ 200,000.00 Common stock (outstanding since 1/1/20) Common Stock (issued 7/1/20) Treasury shares (acquired on 10/1/20) 10% stock dividend (announced 11/1/20) 50,000 shares 50,000 shares 10,000 shares Convertible preferred stock 10,000 shares ($50 par value) outstanding since 1/1/2019 (10% cumulative dividends). Each share is convertible into 20 common shares. $ 2,000,000 10% interest convertible bonds issued 7/1/2018). Each $1,000 bond is convertible into 20 common shares. Required: (Show calculations). A. Calculate basic earnings per share. B. Is the company required to report diluted earnings per share? How much? T T T Arial 3 (12pt) T, := - = - MES, 's