Current Attempt in Progress On January 1,2025, Kingbird Company issued 10-year, $1,900,000 face value, 6% bonds, at par, Each $1,000 bond is convertible into 14 shares of Kingbird common stock. Kingbird's net income in 2025 was $509,850, and its tax rate was 20%. The company had 99,000 shares of common stock outstanding throughout 2025. None of the bonds were converted in 2025. a. Compute diluted earnings per share for 2025. (Round answer to 2 decimal places, es. 255 ) Diluted eamings per share b. Compute diluted earnings per share for 2025 , assuming the same facts as above, cxcept that $990,000 of 6% convertible preferred stock was issued instead of the bonds. Each $100 preferred share is convertible into 5 shares of Kingbird common stock. (Round onswer to 2 decimal ploces, e.s. 2.55.) Diluted earnings per share \$