On June $1,2018,$ Concord Company and Marigold Company merged to form Swifty Inc A total of $837,000$ shares were issued to

complete the merger. The new corporation reports on a calendar$-$year basis.

On April $1,2020,$ the company issued an additional $576,000$ shares of stock for cash. All $1,413,000$ shares were outstanding on

December $31,2020.$

Swifty Inc. also issued $$600,000$ of $20-$year, $7\%$ convertible bonds at par on July $1,2020.$ Each $$1,000$ bond converts to $36$ shares of

common at any interest date. None of the bonds have been converted to date.

Swifty 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 $$1,395,000.($The tax rate is $20\%.)$

Determine the following for $2020.$

$($a$)$ The number of shares to be used for calculating: $($Round answers to $0$ decimal places, e$.$ $$2,500.)$

$(1)$ Basic earnings per share

$1,269,000$

shares

$(2)$ Diluted earnings per share

shares

$($b$)$ The earnings figures to be used for calculating: $($Round answers to $0$ decimal places, eg$.$ $$2,500)$

$(1)$

Basic earnings per share

$

$(2)$ Diluted earnings per share $