Based upon the following information, calculate Basic Earnings Per Share and Diluted Earnings Per Share for Roy Corporation: Roy Corporation began this year with 150,000 shares of common stock outstanding. On April 1, they issued an additional 20,000 shares and on August 1, another 12,000 additional shares were issued. At the beginning of this year, Roy Corporation issued 20,000 shares of 9%, $100 par cumulative convertible preferred stock. Each share of convertible preferred stock is convertible into 3 shares of common stock. No shares have yet actually been converted. Roy Corporation issued at par $500,000 of 5% convertible bonds at the beginning of this year. Each $1,000 bond is convertible into 50 shares of the corporation's common stock. No bonds have yet been converted. Income tax is assumed to be 50% of taxable income. . Also this year, Roy Corporation offered stock options to employees for 20,000 shares at $15 per share. This year's average market price of the common stock was $40 per share. Net Income for this year was $900,000.