santana corporation has 400,000 shares of common stock outstanding throughout 2010. In addition, the corporation has 5,000, 20-year, 7% bonds issued at par in 2008. Each $1,000 bond is convertible into 20 shares of common stock. During the year 2010, the corporation earned $600,000 after deducting all expenses. The tax rate was 30%. None of the bonds have been converted as of Dec 31,2010. Compute the basic earnings per share for 2010. Compute diluted earnings per share for 2010