Rene Altern Question 20 points) The following information is taken from the financial records of Compton Inc., for the year ended December 31, 2019: . Common shares were 480,000 shares outstanding for the entire year Compton has 40.000 preferred shares outstanding that we $3.00 cumdative, no- par value shares convertible to common shares at a ratio of two common shares for cach preferred share. No conversions took place during the year, and all shares were outstanding for the full year Options were written at the start of the fiscal year to purchase 50,000 common shares at $6 per share. The average market price of Compton's common shares during the year ended December 31, 2019 was $8 per share. The options expire in 2029, and none were actually exercised during the current year. Compton also had outstanding for the entire year 37% bond with a face value of $2,500,000. convertible at a rate of three common shares per $100 of bonds Compton also had outstanding for the entire year a 8% bond with a face value of $1,000,000, convertible at a rate of two common shares per $100 of bonds The income tax rate for the fiscal year was 25%. Compton Inc's net income for the year was $1,200.000, and no dividends were declared or paid during the fiscal year ended December 31, 2019 (although dividends were paid the previous year REQUIRED Calculate basic and diluted earnings per share for the year ended December 31, 2019. Show all criculations including ranking and any anti-diutive Instruments. round your calculations to 2 decimal points de to the centi Format 7 E R T Y U DF G H J