Basic and Diluted Earnings Per Share On January 1, 2018, Bluhm Company reported a total of 800,000 ordinary shares outstanding The Company uses a calendar-year basis. It reports the following transaction during 2018: On April 1, 2018, the company issued an additional 600,000 ordinary shares for cash. On May 1, 2018, the company repurchased 200,000 ordinary shares. On June 1, 2018, the company issued 50,000, $10, 12 % cumulative and convertible preference shares. Each preference share converts into two ordinary shares. On August 1, 2018, the company issued 600,000 of 20-year, 10 % convertible bonds at par of 10. Each 100 bonds converts to 100 ordinary shares. The interest expense on the I iability component of convertible bonds for 2018 was 15,000. On December 31, 2018, the annual report reveal after-tax net income of 1,540,000. The tax rate is 40%. Instructions: 1- Compute the basic and diluted weighted average of shares outstanding 2- Compute the basic and diluted earnings per share