Sunland Company had 184,800 shares of common stock outstanding on December 31, 2021. During the year 2022, the company issued 8,000 shares on May 1 and retired 14,000 shares on October 31. For the year 2022, Sunland Company reported net income of $251,300 after a loss from discontinued operations of $37,000 (net of tax). What earnings per share data should be reported at the bottom of its income statement? (Round answers to 2 decimal places, e.g. $2.55.) Sunland Company Income Statement For the Year Ended December 31, 2022 Income Per Share from Continuing Operations Loss from Discontinued Operations per Share Net Income /(Loss) Per Share $ On June 1, 2018, Larkspur Company and Cullumber Company merged to form Riverbed Inc. A total of 808,000 shares were issued to complete the merger. The new corporation reports on a calendar-year basis. On April 1, 2020, the company issued an additional 568,000 shares of stock for cash. All 1,376,000 shares were outstanding on December 31, 2020 Riverbed Inc. also issued $600,000 of 20-year, 7% convertible bonds at par on July 1, 2020. Each $1,000 bond converts to 44 shares of common at any interest date. None of the bonds have been converted to date. Riverbed Inc. is preparing its annual report for the fiscal year ending December 31, 2020. The annual report will show earnings per share figures based upon a reported after-tax net income of $1,547,000. (The tax rate is 20%.) Determine the following for 2020. (a) The number of shares to be used for calculating: (Round answers to decimal places, e.g. $2,500.) (1) Basic earnings per share 1234000 shares (2) Diluted earnings per share 1247200 shares (b) The earnings figures to be used for calculating: (Round answers to decimal places, e.g. $2,500.) A (1) Basic earnings per share 1547000 (2) Diluted earnings per share $ 1559600