QUESTION BELOW: On January $1,2016,$ Sweet Company issued $10-$year, $$90,000$ face value, $6\%$ bonds at par $($interest payable annually on January $1).$ Each $$1,000$ bond is convertible into $29$ shares of Sweet $$2$ par value common stock. The company has had $10,000$ shares of common stock $($and no preferred stock$)$ outstanding throughout its life. None of the bonds have been converted as of the end of $2017.$ Sweet also has adopted a stock$-$option plan that granted options to key executives to purchase $6,000$ shares of the company's common stock. The options were granted on January $2,2016,$ and were exercisable $2$ years after the date of grant if the grantee was still an employee of the company $($the service period is $2$ years$).$ The options expired $6$ years from the date of grant. The option price was set at $$5,$ and the fair value option$-$pricing model determines the total compensation expense to be $$24,000.$ All of the options were exerised during the year $2018$: $3,000$ on January $3$ when the market price was $$7,$ and $1,000$ on May $1$ when the market price was $$8$ a share. QUESTION: Sweet's net income in $2017$ was $$30,000.$ Compute basic and diluted earnings per share for Sweet for $2017.$ Sweet's average stock price was $$6$ in $2017.$