The Financial Controller at Think Inc. is currently preparing the calculation for earnings per share and the related disclosure for the firm's financial statements. The following information has been extracted from the firm's financial statements for the fiscal year ended June 30, 2021. Share capital - preference, 6% cumulative, $50 par value, 100,000 shares authorized, 25,000 shares issued and outstanding-$1,250,000 Share capital - ordinary, $1 par, 10,000,000 shares authorized, 1,000,000 shares issued and outstanding-$1,000,000 Share premium - ordinary (includes any amounts for options and conversions)-$4,000,000 Retained earnings-$6,000,000 Notes payable, 10%- - $1,000,000 . Convertible bonds payable - $5,000,000 10% bonds payable - $6,000,000 The following transactions have also occurred at Think. Options were granted on July 1, 2020, to purchase 200,000 shares at $15 per share. Although no options were exercised during fiscal year 2021, the average price per ordinary share during fiscal year 2021 was $20 per share. Each bond was issued at face value. The convertible bonds will convert into ordinary shares at 50 shares per $1,000 bond. It is exercisable after 5 years and was issued in 2019. The interest on the liability component of the convertible bonds payable for the fiscal year ending June 30, 2021, was $450,000. The preference shares were issued in 2019. There are no preference dividends in arrears; however, preference dividends were not declared in fiscal year 2021. The 1,000,000 ordinary shares were outstanding for the entire 2021 fiscal year. Net income for fiscal year 2021 was $1,500,000, and the average income tax rate is 40%. What is the amount of basic earnings per share? $ If the options are converted, what is the additional or incremental amount of shares to be used in the calculation of diluted earnings per share? Are the options dilutive