The information below pertains to Barkley Company for 2015.

Net income for the year $2.240,000 96 convertible bonds issued at par ($1,000 per bond); each bond is convertible into 2,112,000 30 shares of common stock 696 convertible, cumulative preferred stock, $100 parvalue; each share is convertible 4,707,000 into 3 shares of common stock Common stock, $10 par value 6,959,000 Tax rate for 2015 45% Average market price of common stock $25 per share There were no changes during 2015 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 75,800 shares of common stock at $15 per share. (a) Compute basic earnings per share for 2015. (Round answer to 2 decimal places, e.g. $2.55.) Basic earnings per share (b) Compute diluted earnings per share for 2015. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share