The information below pertains to Kingbird Company for 2026. let income for the year % convertible bonds issued at par ($1,000 per bond); each bond is convertible into 30 shares of common stock % convertible, cumulative preferred stock, $100 par value; each share is convertible into 3 shares of common stock Common stock, $10 par value ax rate for 2026 verage market price of common stock Basic earnings per share $ b. Compute diluted earnings per share for 2026. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $1,190,000 $ 1,970,000 4,000,000 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 stock options (granted in a prior year) to purchase 68,800 shares of common stock at $20 per share. a. Compute basic earnings per share for 2026. (Round answer to 2 decimal places, e.g. 2.55.) 6,280,000 20% $25 per share

let income for the year $1,190,000 1,970,000 4,000,000 6,280,000 20% $25 per share \% convertible bonds issued at par ($1,000 per bond); each bond is convertible into 30 shares of common stock % convertible, cumulative preferred stock, $100 par value; each share is convertible into 3 shares of common stock ommon stock, $10 par value ax rate for 2026 verage 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 stock options (granted in a prior year) to purchase 68,800 shares of common stock at $20 per share. a. Compute basic earnings per share for 2026. (Round answer to 2 decimal places, eg. 2.55.) Basic earnings per share b. Compute diluted earnings per share for 2026. (Round answer to 2 decimal places, eg. 2.55.) Diluted earnings per share