In 2022, Sandhill Ltd. issued $52,000 of 9% bonds at par, with each $1,000 bond being convertible into 100 common shares. The company had revenues of $72,500 and expenses of $37,400 for 2023, not including interest and tax. (Assume a tax rate of 30%.) Throughout 2023, 1,300 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.) Assume that the 52 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.