year basis On June 1, 2018, Windsor Company and Sheridan Company merged to form Skysong inc. A total of 761,000 shares were issued to complete the merger. The new corporation reports on a calendar On Apes 1, 2020, the company issued an additional 652,000 shares of stock for cash. All 1,413,000 shares were outstanding on December 31, 2020. Skyeong Inc. also issued $600,000 of 20-year, 7% convertible bonds at per on May 1, 2020. Each $1,000 bond converts to 40 shares of common at any interest date. None of the bonds have been converted to date Skysong inc. is preparing its annual report for the fiscal year ending December 31, 2020. The annual report will show earnings per share figures based upon a reported after-tax net income of $1,390,000. (The tax rate is 20%.) Determine the following for 2020 (*) The number of shares to be used for calculating (Round answers to decimal places, ... 32,500.) (1) Basic earnings per share shares (2) Dluted earnings per share shares (b) The earnings figures to be used for calculating (Round answers to decimal places, 92,500.) (1) Basic earnings per share (2) Dived earnings per share Click if you would like to show Work for this question Open Show Work