20x2 Outstanding shares of stock Common 110,000 Convertible proferred 10,000 8% Convertible bonds $1,000,000 During 2012, Jonex paid dividends of 3.00 per share on its preferred stock. The preferred shares are convertible into 20,000 shares of common stock. The 8% bonds are convertible into 30,00 shuures of common stock. Net income for 2012 is $850,000. Assume that the income tax rate is 3016. The diluted carnings per share for 26x2 is 55.45 Ob. 55.81 $5.66 Od: $6.26 Jones Corp.'s capital structure for December 31 was as follows 20x2 Outstandinyshares of stock Common 110,000 Convertible preferred 10,000 *% Convertible bonds $1,000,000 During 2012. Jones pald dividends of 3.00 per share on its preferred ock. The preferred share are convertible into 20.000 shares of common ock. The boods are convertible in 300 shares of common ock. Net income for 2018 is $850,000. Assume that the income tax rate is 10%. The diluted earnings per share for 2012 0 a 5.45 1.55.81 55.66 0.5626