Problem 19-1/ (Aigo) EPS; options; convertible preferred; additional snares (LU19-4, 19-5, 19-6, 19-7, 19- 8, 19-9] On January 1, 2021, Tonge Industries had outstanding 480,000 common shares ($1 par) that originally sold for $30 per share, and 6.000 shares of 10% cumulative preferred stock ($100 par), convertible into 60,000 common shares. On October 1, 2021, Tonge sold and issued an additional 16,000 shares of common stock at $37. At December 31, 2021, there were 22.000 incentive stock options outstanding, issued in 2020, and exercisable after one year for 22,000 shares of common stock at an exercise price of $34. The market price of the common stock at year-end was $52. During the year, the price of the common shares had averaged $44. Net income was $620,000. The tax rate for the year was 25% Required: Compute basic and diluted EPS for the year ended December 31, 2021. (Enter your answers in thousands (i.e., 100,000 should be entered as 100). Round "Earnings per share" answers to 2 decimal places.) Numerator Denominator Basic S 560 000 484,000 Earnings per share S 1.16 Diluted T 620 000 549,000- $ 1.13