6. Earnings per Share In 2020, Stevens Company issued, at par, 500 $1,000, 4% bonds. Each bond is convertible into 100 shares of common stock. Stevens had net income of $200,000 for 2021. Throughout 2021, 12,000 shares of common stock were outstanding and 5,000 shares of 6% $100 par cumulative preferred stock. No preferred stock dividends were declared. None of the bonds was converted in 2021. The tax rate is 20%. Instructions: (1) Compute basic earnings per share for 2021. (2) Compute diluted earnings per share for 2021