Your answer is partially correct Sunland Corporation earned $410,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of $18 per share during the period. Also outstanding were 13,500 warrants that could be sercised to purchase one share of common stock for $12 for each warrant exercised, (a) Are the warrants dilutive? Yes (b) Compute basic earings per share. (Round answer to 2 decimal places, es $2.55) Basic earnings per share S 410 (c) Compute diluted earnings per share. (Round answer to 2 decimal places a $2.55) Diluted earnings por share $ 361