Current Attempt in Progress

The information below pertains to Splish Company for $2026.$

$\backslash$table$[[$Net income for the year,$$1,160,00],[7\%$ convertible bonds issued at par $($$$1,000$ per bond$)$; each bond is convertible into $30$ shares of common stock,$2,010,00],[6\%$ convertible, cumulative preferred stock, $$100$ par value; each share is convertible into $3$ shares of common stock,$4,080,00],[$Common stock, $$10$ par value,$5,800,00],[$Tax rate for $2026,205],[$Average market price of common stock,$$25$ per shar$]]$

There were no changes during $2026$ in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options $($granted in a prior year$)$ to purchase $82,100$ shares of common stock at $$20$ per share.

a$.$ Compute basic earnings per share for $2026.($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Basic earnings per share $$ $

b$.$ Compute diluted earnings per share for $2026.($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Diluted earnings per share $ $$