The Blue Corporation issued 10-year, $4,440.000 par, 7% callable convertible subordinated debentures on January 2, 2022. The bonds have a par value of $1.000, with interest payable annually. The interest expense recorded on the liability component of the convertible bond for 2022 was $355.200. The current conversion ratio is 14:1, and in 2 years it will increase to 16:1. At the date of issue, the bonds were sold at 98, Blue's effective tax was 35% Net income in 2022 was $7.950.000, and the company had 2.075,000 shares outstanding during the entire year Compute both basic and diluted earnings per share. (Round answers to 2 decimal places 2.55) Basic earnings per share Diluted earnings per share eTextbook and Media Save for Later Attempts: 0 of 3 used Submit