Assume that the preferred stock is NOT convertible and the company has convertible bonds payable, which were issued in 2019. The interest expense on those bonds was $20,000 in 2022. The company's tax rate is 25%. The notes are convertible into 5,000 common shares. a. Calculate diluted profit for 2022 and indicate whether or not it is presented along with basic profit. b. Bond (2 points) Assume that this year's convertible bonds are zero coupon and the interest expense recognized in 2022 was $20,000. Explain how this information would affect diluted earnings for 2022.