Reported net income of $400,000 in 2020. On January 1,2020 there was 100,000 shares of common stock outstanding. On Paril 1, 10,000 shares were issued and on septmber 1, Claire bought 15,000 shares of treasury stock . There are 15,000 stock options to buy common stock at an exercise orice of $40 per share. The market orice of common stock is $50 with tax rate if 25%

20,000 shares of converible preferred stock outstanding. $100 par, paid a dicidend of $3.50 per share and each share ks converible into three ajares of common stock

Clarie previously issused $1,000,000 of 8% bonds at face value. Each $1,000 bikd is convetibke into 30 shares of commkn stokc

Compute Claire's Basic and Diluted Earnings

per share for the year ended december 31, 2020