This information below pertains to Green Company for 2021

Net income for the year	$2,550,000
8% convertible bonds issued at par(1000 per bond); each bond is convertible into 30 shares of common stock	$1,500,000
9% convertible, cumulative preferred stock, $100 par value, each share is convertible into 5 shares of common stock	$4,500,000
Tax Rate 2021	20%
Average market price of common stock	31.25 per share

There were 1,000,000 shares of common stock outstanding on 1/1/2021. on August 1st 2021 the company issued 150,000 common shares. there were no changes in the number of preferred shares, or convertible bonds outstanding. There was no treasury stocked. The company also has common stock options to purchase 100,500 shares of common stock at $20 per share.

Required:

1. Compute basic earnings per share for 2021(hints: you need to calculate the weighted average number of common shares outstanding).

2. Compute diluted earnings per share for 2021.