Im, Incorporated had 60,000 shares of common stock outstanding at January 1, 2024. On March 31,...

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Im, Incorporated had 60,000 shares of common stock outstanding at January 1, 2024. On March 31, 2024, an additional 13,600 shares were sold for cash. Im also had $5,000,000 of 4% convertible bonds outstanding throughout the year. The bonds are convertible into 50,000 shares of common stock. Net income for the year was $361,000. The tax rate is 25%. Required: Compute basic and diluted earnings per share for the year ended December 31, 2024. Note: Round your answers to 2 decimal places. Earning per share Basic Diluted Im, Incorporated had 60,000 shares of common stock outstanding at January 1, 2024. On March 31, 2024, an additional 13,600 shares were sold for cash. Im also had $5,000,000 of 4% convertible bonds outstanding throughout the year. The bonds are convertible into 50,000 shares of common stock. Net income for the year was $361,000. The tax rate is 25%. Required: Compute basic and diluted earnings per share for the year ended December 31, 2024. Note: Round your answers to 2 decimal places. Earning per share Basic Diluted