The Indigo Corporation issued 10-year, $5,390,000 par. 7% callable convertible subordinated debentures on January 2, 2020. The bonds have a par value of $1.000, with interest payable annually. The current conversion ratio is 13:1, and in 2 years it will increase to 16:1. At the date of issue, the bonds were sold at 97. Bond discount is amortized on a straight-line basis. Indigo's effective tax was 20%. Net income in 2020 was $10,350,000, and the company had 2,170,000 shares outstanding during the entire year. Compute both basic and diluted earnings per share. (Round answers to 2 decimal places, eg. $2.55) Basic earnings per share $ Diluted earnings per share eTextbook and Media - Save for Later: OL Attempts: 0 of 15 used Submit Answer 114 AM 4/18/2022