In 2019,WaterwayEnterprises issued, at par,60$1,000,8% bonds, each convertible into100shares of common stock.Waterwayhad revenues of $14,100and expenses other than interest and taxes of $8,400for 2020. (Assume that the tax rate is 20%.) Throughout 2020,2,000shares 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, e.g. $2.55.)

Earnings per share ________________

(b)Assume the same facts as those assumed for part (a), except that the60bonds 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, e.g. $2.55.)

Earnings per share____________________

(c)Assume the same facts as assumed for part (a), except that20of the60bonds 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$ _______________________