The information below pertains to Crane Company for 2026 . Vet income for the year $1,250,000 7% convertible bonds issued at par ( $1,000 per bond); each bond is corvertible into 30 shares of common stock 2,000,000 5\% convertible, cumulative preferred stock, $100 par value; each share is convertible into 3 shares of common stock 3,840,000 Zommon stock, \$10 par value 6.270,000 Tax rate for 2026 20 Average market price of common stock $25 per share. There were no changes during 2026 in the number of common shares, preferred shares, or convertible bonds outstanding There is no treasury stock. The company also has common stokk options (granted in aprior year) to purchase 81,600 shares of common stock at $20 pershare. There were no changes during 2026 in the number of common shares, preferred shares, or corvertible bonds outstanding. There is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 81,600 shares of common stock at $20 per share. a. Compute basic earnings per share for 2026 . (Round answer to 2 decimal ploces, eg. 2.55) Basic earnings per share b. Compute diluted earnings per share for 2026 . (Round answer to 2 decimal ploces, es. 2.55) Diluted earnings per share