I saw different answer on chegg about the same question, so which one is the correct?

Just for Part C

In 2019, Concord Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Concord had revenues of $18,200 and expenses other than interest and taxes of $7,900 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 1,600 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, eg. $2.55.) Earnings per share $ 1.08 (b) Assume the same facts as those assumed for part (a), except that the 60 bonds were issued on September 1, 2020 (rather than in 2019), and none have been converted or redeemed. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, eg. $2.55.) Earnings per share $ & 2.29 (c) Assume the same facts as assumed for part (a), except that 20 of the 60 bonds were actually converted on July 1, 2020. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $ ? 18200 Revenues. Expenses Other than interest..... 7.400 Income before income taxes Convertible stock shares bo x 100 = boos shares 4) Revenues.. 18200 Expenses Other than interest. 7.900 Bond interest (60 x 1000 x 8%).-. 4.800 Income before income taxes ...... 5500 Income taxes (20%) 1,10D Net income 4.400 Diluted earnings per share: 4400 + 4800 x (I-20%) 8240 = 1.08 1600 + bodo 7bod Bond interest (box 100x8% x 4) Income taxes (20%). 1600 9.500 8.700 7.740 6.960 Net income Diluted earnings per share: 6960 + lboox (l-20%= 8,240 = 2:29 1,600 + 6000 x 1/4 0.64 Diluted 4.35 C way: 8240 Diluted EPS = 1600 + (20 * 100 * 1) + 40 * 100 8240 1600 + (2000 * 0.5) + 4000 8240 1600 + 1000 + 4000 8240 6600 = 1.25 Here 20 bonds were redeemed on July 1st so as per weighted average method they were considered only for 6 months. From question each bond is convertible to 100 stocks. Cost of Interest is not considered because in the question it was mentioned that expenses other than taxes and interest. Here we have not taken into account of interest paid as the same is not considered as expense in amount of 7900 waya: st 2020 c) 20 out of 60 bonds ane converted on July EAT - EBLT - Interest - Taurate = 10,300 - (Go X1000x8%ox 6/12) first Whore Six months (Second Sil months) 40x1000x8/X 612 - Tax -(10,300 - 2,400 - 1600) (1-012) 5040 No. of Shares 1600 () 40 bondi.conveiled: 4000 (40X100) (+) 20 bonds Converted : 2000 (20x100xYx2) e 20 converted bonds will be considued as follo for first six months a 20x100 xV2 : 1000 A Second Six months. 20X100% - 1000 7,600 2000 $2.400+1600) Diluted EPS 5040 +4000(1-0,2) 7600 8240 1,089 7600 Which one is correct