Please answer it completely and correct. Explain all steps

4. (12) Ramirez Corporation has 400,000 shares of common In addition, the corporation has 4,000, 20-year, 5% bonds issued at par in 2014. Each $1,000 bond is convertible into 25 shares of common stock. So the total value of the bonds is $4,000,000. And the number of additional common shares issued upon conversion would be 100,000. During the year 2017, net income was $4,000,000 (after deducting all expenses). The tax rate is 30%. stock outstanding throughout 2017. Instructions A. Compute basic earnings per share for 2017 B. Compute diluted earnings per share for 2017. Foo