Complete the schedule to compute basic and diluted EPS?

The Simon Corporation issued 10-year, $5,600,000 par, 7% callable convertible subordinated debentures on January 2, 2007. The bonds have a par value of $1,000, with interest payable annually. The current conversion ratio is 14:1, and in 2 years it will increase to 20:1. At the date of issue, the bonds were sold at 98. Bond discount is amortized on a straight-line basis. Simon's effective tax was 35%. Net income in 2007 was $9,200,000, and the company had 2,000,000 shares outstanding during the entire year.

Instructions

Complete the schedule to compute both basic and diluted earnings per share.

Net Income ___
Adj for Interest ___
Total ___

Maturity Value ___
(X)stated rate___
(=) Cash Interest___
Discount unamortized____
Interest Expense___
(X) Tax rate___
(=) After tax interest____

Basic EPS_____
Diluted EPS_____