Stock, Antidlution, Disclana Diluted EPS, Convertible Bonds, Options, Convertible Preferred year. erion Company provided the following share information for the current Event and Date Number of Shares 150,000 240,000 1/1 Beginning balance 6/1 New share issue 8/1 Two-fr-one stock split 10/1 New share issue 390,000 (48,000) 12/1 Treasury stock acquisition vteriom reperted-income-from-eontinuing operations of $r operations,netoftax. The company is subject to a 40% tax rate. Ni- Ihe company granted 120,000 employee options on January 1 allowing employees to acquire 120,000 common shares at $18 per share. The options have an estimated fair value of $10 per share. The average arket price of the company's common shares is $24 per share. Meron has $500,000, 6% convertible ebt outstanding as of the beginning of the year. Each $1,000 par value bond converts into eight shares of the company's common stock. Merion also has $140,000 par value, 4% convertible preferred shares outstanding for the current year. The board of directors declared the annual dividend. The preferred shares can convert into 10,000 shares of common stock. There were no actual exercises or con during the year. versions Required a. Compute the weighted-average number of common shares outstanding for basic earnings per share. b. Determine whether any securities are antidilutive and compute bas ic and diluted earnings per share. Show all computations