Thel issued 10-year, $5,980,000 par, 6% 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 15:1, and in 2 years it will increase 'effective tax to 17:1. At the date of issue, the bonds were sold at 96. Bond discount is amortized on a straight-line basis. ** was 20%. Net income in 2020 was $7,700,000, and the company had 1,845,000 shares outstanding during the entire year. Compute both basic and diluted earnings per share. Basic earnings per share $ Diluted earnings per share $