In 2019, Sodic Enterprises issued, at par, 100, $1,000,6% bonds, each convertible into 50 ordinary shares. Sodic had net income of $10,500 for 2019. Assume that the tax rate is 30%. Throughout 2019,5,000 shares of ordinary shares were outstanding Instructions 1. Compute diluted earnings per share for 2019 (3 marks). 2. Assume that the Sodic Enterprises also issued 100, 10% convertible preference shares (par value $100 per share) at January 2019, each converted into 5 Ordinary shares. Recalculate the dilutive EPS (1 mark). Perhe In 2019, Sodic Enterprises issued, at par, 100, 51,000, 6% bonds, each convertible into 50 ordinary shares. Sodic had net income of $10,500 for 2019. Assume that the tax rate is 30%. Throughout 2019,5,000 shares of ordinary shares were outstanding Instructions 1. Compute diluted earnings per share for 2019 (5 marks). 2. Assume that the Sodic Enterprises also issued 100, 10% convertible preference shares (par value $100 per share) at January 2019, each converted into 5 Ordinary shares. Recalculate the dilutive EPS (1 mark)