The following transactions took place for fiscal year 2020 related to common stock:

January 1, beginning balance .............................................. 30,000 shares

April 1, issuance .................................................................. 10,000 shares

June 1, 15% stock dividend

July 1, treasury stock acquisition .............................. 7,500 shares

September 1, 2:1 stock split .......................................

November 1, issuance ............................................. 15,000 shares

6% $100 par value convertible, cumulative preferred stock 2,000 shares

Issued at $105. Convertible into 2,000 shares of common stock.

Stock options ................................... 6,000 shares Option/ Exercise price .................................... $20

Average market price ................................. $25

December 31st market price ................................. $40

January 1st market price ................................. $42

Requirements: Net income for 2020 was $230,000. The company's tax rate is 30 percent. No conversions or options were exercised during 2020.

Compute Weighted-Average Common Stock Outstanding

Compute basic earnings per share.

Compute diluted earnings per share. State whether or not this calculation results in dilutive or antidilutive EPS.