Dulce Corporation had 170,000 shares of common stock outstanding during the current year. At the beginning of the year, options for 12,000 shares of common stock were granted with an exercise price of $20. The average market price of the common stock during the year was $25. Net income was $4.6 million. What is diluted EPS? (Round your answer to 2 decimal places.) a) $27.06. b) $26.68. c) $25.27. . d) $29.11 Fogel Co. has $4,000,000 of 8% convertible bonds outstanding. Each $1,000 bond is convertible into 30 shares of $30 par value common stock. On July 31, 2018, the holders of all $4,000,000 bonds exercised the conversion privilege. On that date the market price of the bonds was 105 and the market price of the common stock was $36. The total unamortized bond premium at the date of conversion was $280,000. Fogel should record, as a result of this conversion, a a) credit of $217,600 to Paid-in Capital in Excess of Par. b) credit of $680,000 to Paid-in Capital in Excess of Par. c) credit of $280,000 to Premium on Bonds Payable. d) loss of $12,800