XYZ CO. had 200 shares of common stock outstanding 12 31, 2020. July 1, 2021 xyz issued 52 shares for cash. On January 1, 2021 xyz issued 22 shares of convertible preferred stock. The preferred stock...

XYZ CO. had 200 shares of common stock outstanding 12 31, 2020. July 1, 2021 xyz issued 52 shares for cash. On January 1, 2021 xyz issued 22 shares of convertible preferred stock. The preferred stock had a par value of shares $100 per share and paid 6% dividend. Each share of preferred stock is convertible into 9 shares of common. During 2021 xyz paid regular dividend on the preferred and common stock. Net income was 320 Calculate xyz basic and diluted earning per share 2021.