In 2019,BlossomLtd. issued $52,000of8% bonds at par, with each $1,000bond being convertible into100common shares. The company had revenues of $73,900and expenses of $41,100for 2020, not including interest and taxes (assume a tax rate of25%). Throughout 2020,1,300common shares were outstanding, and none of the bonds were converted or redeemed. (For simplicity, assume that the convertible bonds' equity element is not recorded.)

calculate

a.Calculate diluted earnings per share for the year ended December 31, 2020.(Round answer to 2 decimal places, e.g. 15.25.)

b

Assume that the52bonds were issued on October 1, 2020 (rather than in 2019), and that none have been converted or redeemed. Calculate diluted earnings per share for the year ended December 31, 2020.(Round answer to 2 decimal places, e.g. 15.25.)

calculate Diluted EPS

c.

Assume the bonds were issued in 2019. Assume that8of the52bonds were converted on July 1, 2020. Calculate diluted earnings per share for the year ended December 31, 2020.(Round answer to 2 decimal places, e.g. 15.25.)

Calcualte diluted eps