23-1) During 2022, Broncos Inc. had 500,000 shares of common stock and 50,000 shares of 6% cumulative (non-convertible) preferred stock outstanding. The preferred stock has a par value of $100 per share. Falwell did not declare or pay any dividends during 2022. Broncos' net income for the year ended December 31 , 2022 , was $2.5 million. The income tax rate is 40%. Broncos granted 10,000 stock options to its executives on January 1 of this year. Each option gives its holder the right to buy 20 shares of common stock at an exercise price of \$29 per share. The market price of the common stock averaged \$30 per share during 2022. Compute Brocos' diluted earnings per share for 2022, rounded to the nearest cent. Show your computation. No credit if not shown. 23-2) On January 2, 2022, LD Co. issued at face value $20,000 of 4% bonds convertible in total into 1,000 shares of LD's common stock. No bonds were converted during 2022. Throughout 2022, LD had 1,000 shares of common stock outstanding. LD's 2022 net income was $2,000 and its income tax rate is 50%. No potential common shares other than the convertible bonds were outstanding during 2022. Compute LD's diluted earnings per share for 2022, rounded to the nearest cent. Show your computation. No credit if not shown