The following information is also available: (1) Net income for 2021 was $497,400. (2) The market price of the common stock at 12/31/21 is $26.30 per share, and the market price of the prefored ston The average price of the common stock during 2021 was $25.70. (3) Conklin's income tax rate for 2021 is 21%. (4) There was no change in the number of common shares outstanding for 2021. 2,000 shares of Conklin common stock at a price of $24. The market price of the common stat $25.00 and the market value of the options is $4. The options may be exercised any time after 1/1/21, and the executives employ at the time of exercise. The service period is considered to be two years. Each $1,000 bond is convertible into 50 shares of common stock. Required: a) Compute Conklin's earnings per share for 2021. b) Show the income statement presentation of Conklin's earnings per share. c) Prepare the required disclosure for earnings per share, as it might appear in Conklin's annual report. The following information is also available: (1) Net income for 2021 was $497,400. (2) The market price of the common stock at 12/31/21 is $26.30 per share, and the market price of the prefored ston The average price of the common stock during 2021 was $25.70. (3) Conklin's income tax rate for 2021 is 21%. (4) There was no change in the number of common shares outstanding for 2021. 2,000 shares of Conklin common stock at a price of $24. The market price of the common stat $25.00 and the market value of the options is $4. The options may be exercised any time after 1/1/21, and the executives employ at the time of exercise. The service period is considered to be two years. Each $1,000 bond is convertible into 50 shares of common stock. Required: a) Compute Conklin's earnings per share for 2021. b) Show the income statement presentation of Conklin's earnings per share. c) Prepare the required disclosure for earnings per share, as it might appear in Conklin's annual report