Determine the following for 2020 Basic earnings per share, diluted earnings per share,

se 16-23 e 1, 2018, Stellar Company and Pearl Company merged to form Martinez Inc. A total of 764,000 shares were issued to complete the merger. The new corporation reports on a calendar-year il 1, 2020, the company issued an additional 579,000 shares of stock for cash. All 1,343,000 shares were outstanding on December 31, 2020. ez Inc. also issued $600,000 of 20-year, 8% convertible bonds at par on July 1, 2020. Each $1,000 bond converts to 40 shares of common at any interest date. None of the bonds have been e attempts. . ez Inc. is preparing its annual report for the fiscal year ending December 31, 2020. The annual report will show earnings per share figures based upon a reported after-tax net income of ,000. (The tax rate is 20%.) nine the following for 2020. e number of shares to be used for calculating: (Round answers to 0 decimal places, e.g. $2,500.) asic earnings per share 1,198,250 shares iluted earnings per share 1,210,250 shares e earnings figures to be used for calculating: (Round answers to 0 decimal places, e.g. $2,500.) asic earnings per share 1,408,000 iluted earnings per share 1,427,200 you would like to Show Work for this question: Open Show Work