Detail explanation please.

Carla Vista Corporation had net income of $52,300 for the year ended December 31, 2017, and a weighted average number of common shares outstanding of 10,400. The following information is provided regarding the capital structure 1 ase convertible debt 240 bonds each convertible into 41 common shares. The bonds were outstanding for the entre year. The income tax rate is 25% The bonds vere issued at par $1 oso per bond No bonds ere come ted dur ng the year 2. 3% convertible, cumulative $120 preferred shares, 1,200 shares issued and outstanding. Each preferred share is convertible into 2 common shares. The preferred shares were issued at par and were outstanding the entire year. No shares ngthe ea0 were converted during the year. Calculate the basic earnings per share for 2017. (Round answer to 2 decimal places, e.g. 15.25.) Basic earnings per share $ Calculate the diluted earnings per share for 2017, using the if-converted method. For simplicity, ignore the requirement to record the debt and equity components of the bonds separately. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share when Carla Vista Corporation issued the 8% convertible debt, would the company's interest rate on straight debt have been higher or lower than 8967 when Carla Vista Corporation issued the 8% convertible debt, the company's interest rate on straight debt have been than 8%