In 2019, Cullumber Ltd. issued $42,000 of 9% bonds at par, with each $1,000 bond being convertible into 100 common shares. The company had revenues of $76,000 and expenses of $42,800 for 2020 , not including interest and taxes (assume a tax rate of 20% ). assume that the convertible bonds' equity element is not recorded.) (a) Calculate diluted earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share