1. On January 1, 2020, Creddit, Inc. issued 10-year, $2,000,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 18 shares of Creddit common stock. Creddit's net income in 2020 was $425,000, and its tax rate was 35%. The company had 100,000 shares of common stock outstanding throughout 2020. None of the bonds were converted in 2020. Instructions: Compute earnings per share for 2020 (round to nearest cent) b. Computer diluted earnings per share for 2020 (round to nearest cent) a. Answer A Answer B 9. Requirement: Calculate the issue price of bonds (show work) Principal Term $150,000 Payable in 5 years 8% payments due at end of each year 10% Interest Payable Market at issue date