(3 points) In 2016, Pharoah Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Pharoah had revenues of $14,800 and expenses other than interest and taxes of $7,800 for 2017. (Assume that the tax rate is 40%.) Throughout 2017, 1,900 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2017. (b) Assume the same facts as those assumed for part (a), except that the 60 bonds were issued on September 1, 2017 (rather than in 2016), and none have been converted or redeemed. Compute diluted earnings per share for 2017