Current Attempt in Progress

In $2024,$ Blue Enterprises issured, at par, $60$$$1,000,8\%$ bonds, each conver.tible into $100$ shares of common stock. Blue had revenues of $$14,700$ and expenses other than interest and taxes of $$6,900$ for $2025.($Assume that the tax rate is $20\%.)$ Throughout

: $2025,2,400$ shares of common stock were outstanding; 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 $60$ bonds were issued on September $1,2025($rather than in $2024),$ and none have been converted or redeemed. Compute diluted earnings per share for $2025.($Round answer to $2$ decimal places, eg$.2\mathrm{.}55.$