compute earnings per me IUI SUI E16.23 (L05) (EPS with Convertible Bonds, Various Situations) In 2019, Buraka Enterprises issued, at par, 75 +1.000, 8% bonds, each convertible into 100 ordinary shares. The liability component of convertible bonds was t950 per bond, based on a market rate of interest of 10%. Buraka had revenues of t17.500 and expenses other than interest and taxes of t8,400 for 2020. (Assume that the tax rate is 40%.) Throughout 2020, 2.000 ordinary shares were outstanding, none of the bonds was converted or redeemed. Instructions a. Compute diluted earnings per share for 2020. b. Assume the same facts as those assumed for part (a), except that the 75 bonds were issued on September 1, 2020 (rather than in 2019), and none have been converted or redeemed. c. Assume the same facts as assumed for part (a) except that 25 of the 75 bonds were actually convert- ed on July 1, 2020