Crane Corporation earned $379 , 000 during a period when it had an average of 100.000 shares of common stock outstanding. The common stock sold at an average market price of $15 per share during the period. Also outstanding were 15,000 warrants that could be exercised to purchase one share of common stock for $10 for each warrant exercised. a. Are the warrants dillutive? b. Compute basic earnings per share. (Round answer to 2 dedmal ploces, es. 2.55.) Basic earnings per share 5 c. Compute diluted eamings per share, (Round answer to 2 decimol pleceses. 2.55) Diluted earnings per share .