In 2022, Ivanhoe Ltd. issued $60,000 of 8% bonds at par, with each $1,000 bond being convertible into 100 common shares. The company had revenues of $70,200 and expenses of $39,500 for 2023, not including interest and tax. (Assume a tax rate of 30%.) 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.)

Calculate income available to common shareholders.

Income available to common shareholders

$enter the income available to common shareholders in dollars

Calculate diluted earnings per share for the year ended December 31, 2023. For simplicity, ignore the requirement to record the bonds debt and equity components separately. The bonds are assumed to be converted for the entire year. (Round answer to 2 decimal places, e.g. 15.25.)

Diluted earnings per share

$enter the diluted earnings per share in dollars rounded to 2 decimal places

Assume that the 60 bonds were issued on October 1, 2023 (rather than in 2022), and that none have been converted or redeemed. Calculate diluted earnings per share for the year ended December 31, 2023. (Round answer to 2 decimal places, e.g. 15.25.)

Diluted earnings per share

$enter the diluted earnings per share in dollars rounded to 2 decimal places

Assume that 15 of the 60 bonds were converted on July 1, 2023. Calculate diluted earnings per share for the year ended December 31, 2023. (Round answer to 2 decimal places, e.g. 15.25.)

Diluted earnings per share

$enter the diluted earnings per share in dollars rounded to 2 decimal places