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Raimer Corp, has 400,000 shares of $20 par value common stock outstanding throughout 202. In addition, the corporation has 500,$1,000,5% bonds outstanding that were issued

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Raimer Corp, has 400,000 shares of $20 par value common stock outstanding throughout 202. In addition, the corporation has 500,$1,000,5% bonds outstanding that were issued at par in 200. Each $1,000 bond is convertible into thirty (30) shares of common stock. During 202, the corporation earned $600,000 of net income. The tax rate was 30%. Compute the earnings per share (BASIC AND DILUTED) amouns for 202. Carry your calculations to 3 decimal places. SHOW YOUR CALCULATIONS

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