Ramirez Corporation has 500,000 shares of common stock outstanding throughout y8. In addition, the corporation has 5,000, 20-year, 7% bonds issued at par in y2. Each $1,000 bond is convertible into 25 shares of common stock after 9/23/y5. During the year y8, the corporation earned $600,000 after deducting all expenses. The tax rate was 30%. Calculate the required earnings per share for y8. Show all work for partial credit. Circle (or embolden) and label your final answers.(Calculate the basic EPS+dilute EPS & show each step clearly)