Zhuoli Company had 2,000,000 shares of common stock outstanding on December 31, 2018. On July 1,...

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Zhuoli Company had 2,000,000 shares of common stock outstanding on December 31, 2018. On July 1, 2019, Zhuoli issued an additional 500,000 shares for cash. On January 1, 2019, Zhuoli issued 200,000 shares of convertible preferred stock. The preferred stock had a par value of $100 per share and paid a 5% dividend. Each share of preferred stock is convertible into 8 shares of common. During 2019, Zhuoli paid the regular annual dividend on the preferred and common stock. Net income for the year was $3,000,000. A. Calculate Zhuolil's basic earnings per share (rounded to 2 decimal places) for 2019 B. Calculate Zhuoli's diluted eamings per share (rounded to 2 decimal places) for 2019 C. Explain how you considered anti-dilution in the computations above Zhuoli Company had 2,000,000 shares of common stock outstanding on December 31, 2018. On July 1, 2019, Zhuoli issued an additional 500,000 shares for cash. On January 1, 2019, Zhuoli issued 200,000 shares of convertible preferred stock. The preferred stock had a par value of $100 per share and paid a 5% dividend. Each share of preferred stock is convertible into 8 shares of common. During 2019, Zhuoli paid the regular annual dividend on the preferred and common stock. Net income for the year was $3,000,000. A. Calculate Zhuolil's basic earnings per share (rounded to 2 decimal places) for 2019 B. Calculate Zhuoli's diluted eamings per share (rounded to 2 decimal places) for 2019 C. Explain how you considered anti-dilution in the computations above