In $2022,$ Blossom Ltd$.$ Issued $$40,000$ of $7\%$ bonds at par, with each $$1,000$ bond being

convertible into $100$ common shares. The company had revenues of $$$70,000$ and expenses of

$$35,000$ for $2023,$ not including interest and tax. $($Assume a tax rate of $20\%).$ Throughout $2023,$

$1,000$ common shares were outstanding, and none of the bonds were converted or redeemed.

$($For simplicity, assume that the convertible bonds' equity element is not recorded. Please

answer the following questions:

A$)$ Income Available to Common Shareholders? $25760$

B$)$ Diluted Earnings per share? $($Ignore requirement to record bond debt $+$ equity separate$)$

C$)40$ Bonds issued on October $1,2023($rather than in $2022),$ and that none have been

converted or redeemed. Calculate Diluted EPS for year ended Dec. $31,2023$$$14\mathrm{.}00$

D$)$ Assume $5$ of the $40$ Bonds were converted July $1,2023.$ Calculate diluted EPS for the

year ended December $31,2021$