Hiew Questions | St... QuillBot | Free Para... Chegg.com NUTR 313 - Fall 202... Gen S Question 34 2.5 pts On January 2, 2021, Pink Lemonade Co. issued at face value $21,000 of 2% bonds convertible in total into 1,200 shares of common stock. No bonds were converted during 2021. Throughout 2021, Pink Lemonade had 1,200 shares of common stock outstanding. Pink Lemonade's 2021 net income was $3,000 and its income tax rate is 25%. No potential common shares other than the convertible bonds were outstanding during 2021. Pink Lemonade's diluted earnings per share for 2021 would be: O $1.25. $2.50. O $1.38. None of the options listed. O $1.43