Instructions Compute earnings per share for 2017. Assume that financial statements for 2017 were issued in March 2018. E16-22B (Losh (EPs various situations) At the beginning of 2017, Florida Rock Industries had 000 shares of common stock issued and outstanding and 500$1,000, 6% bonds, each convertible into 10 shares of common tock. During 2017, da Rock had revenues and expenses other than interest and taxes $104,000 Assume that the ta rate is None of the bonds was converted or redeemed. Compute diluted earnings per share for 2017. Assume the same facts as thuse assumed for the500bonds were issued onseptember 1, 2017 rather n in a prior year), and none have been converted or redeemed. Ga Assume the same facts as assumed for part (a), excep that 100 of the 500 bonds were a y converted on July 2017 Instructions Compute earnings per share for 2017. Assume that financial statements for 2017 were issued in March 2018. E16-22B (Losh (EPs various situations) At the beginning of 2017, Florida Rock Industries had 000 shares of common stock issued and outstanding and 500$1,000, 6% bonds, each convertible into 10 shares of common tock. During 2017, da Rock had revenues and expenses other than interest and taxes $104,000 Assume that the ta rate is None of the bonds was converted or redeemed. Compute diluted earnings per share for 2017. Assume the same facts as thuse assumed for the500bonds were issued onseptember 1, 2017 rather n in a prior year), and none have been converted or redeemed. Ga Assume the same facts as assumed for part (a), excep that 100 of the 500 bonds were a y converted on July 2017