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On January 1, 2010. A Corp.issued $2,000,000 of convertible 6% bonds at a premium. Each $1,000...

On January 1, 2010. A Corp.issued $2,000,000 of convertible 6% bonds at a premium. Each $1,000 bond is convertible into 10 common shares. During 2011, A Corp. had 800,000 shares of common stock and 70,000 shares of 6% preferred stock outstanding. The preferred stock does not have cumulative or convertible features. In 2011, A Corp. declared and paid cash dividends of $300,000 and $150,000 to common and preferred shareholders, respectively. A Corp. net income for the year ended December 31, 2011, was $6million. Cash interest paid was $120,000 and Interest Expense was $150,000. The Income Tax  rate is 30%

1. show the calculation of A Corp.'s basic earning per share for 2011, rounded to the nearest cent.

2. show the calculation of A Corp.'s diluted earning per share for 2011, rounded to the nearest cent.

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