given the following year end information compute Greeneood corporations basic and diluted earnings per share.

net income 15,000

the income tax rate 30%

4000 shares of common stock were outstanding the entire year.

500 shares of 10% $50 par (and issuance price) convertible preferred stock were outstanding the entire year. dividends of 2500 were declared on this stock during the year. each share of prefferred stock is convertible into 5 shares of commin stock.

need basic earning per share

diluted earnings per share