Sunland Company's net income for 2020 is $684,000, and 88,000 shares of common stock were issued and outstanding during 2020 . The only potentially dilutive securities outstanding were 22,000 executive stock options issued during 2019 , each exercisable for one share at $21.50, none of these have been exercised. The average market price of Sunland's stock during 2020 was $27.00. (a) Compute diluted earnings per share. (Round answer to 2 decimal places, eg. 2.55.) Diluted earnings per share___$ (b) Assume the same facts as those assumed for part (a), except that 10,000 additional options were issued on October 1,2020 , with an exercise price of $28.00 (the market price of the common stock on that date). The average market price during the last 3 months of 2020 was $30.50. (Round answer to 2 decimal places, es. 2.55.) Diluted earnings per share___$