At the beginning of $2025,$ Pronghorn Industries had $26,000$ shares of common stock issued and outstanding

and $500$ of $$1,000,6\%$ bonds $($issued at par$),$ each convertible into $10$ shares of common stock. During $2025,$

Pronghorn had revenues of $$145,000$ and expenses other than interest and taxes of $$109,000.$ Assume that the

tax rate is $20\%.$ None of the bonds was converted or redeemed.

$($a$)$ Compute diluted earnings per share for $2025.($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Earnings per share $

$($b$)$ Assume the same facts as those assumed for part $($a$),$ except that the $500$ bonds were issued on September $1,$

$2025($rather than in a prior year$),$ and none have been converted or redeemed. Compute diluted earnings per

share for $2025.($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Earnings per share

$

$($c$)$ Assume the same facts as assumed for part $($a$),$ except that $100$ of the $500$ bonds were actually converted on

July $1,2025.$ Compute diluted earnings per share for $2025.($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Earnings per share

$