and assume the bonds were converted kn October 1. what are the basic and diluted eps for stoner company?

Stoner Company began the current year with 1,680,000 common shares outstanding. Stoner also reported $850,000 par value, 4% convertible bonds outstanding all year. The bonds were issued at par. The bonds can be converted to 850,000 shares of common stock. Stoner made interest payments at the end of each quarter. The company is subject to a 40% effective tax rate and reported net income of $959,000 for the current year. Read the requirements Requirement a. What are basic and diluted EPS (earnings per share) for Stoner Company? Begin with the basic earnings per share. (Round the EPS to the nearest cent, $X.XX.) Basic EPS for the current year is $