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Warriors Company had 100,000 shares of common stock outstanding on January 1, 2021. On September: 30, 2021, Warriors sold. 40,000 shares of common stock for
Warriors Company had 100,000 shares of common stock outstanding on January 1, 2021. On September: 30, 2021, Warriors sold. 40,000 shares of common stock for cash. Watriors also had 6.000 shares of convertible preferred stock outstanding throughout 2021 The preterred stock is $100 par, 6%, and is convertble into 3 shares of common for each share of preferred. Warriors also had 420 . 8% convertible bonds outstanding throughout 2021 . Each $1,000 bond is convertible into 30 shares of common stock. The bonds sold originally at foce value. Reported net income for 2021 was $270,000 with a 40% tax rate. Common shareholders recelved $1.20 per share dividends after preferred dividends wete paid in 2021. Required: Compute basic and diluted earnings per share for 2021 . (Round your answers to 2 decimal ploces.)
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