It was incorrect

On January 1,2025, Bramble Company issued 10 -year, $1,980,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 15 shares of Bramble common stock. Bramble's net income in 2025 was $479,400, and its thx rate was 2096 . The compsm had 102,000 shares of common stock outstanding throughout 2025. None of the bonds were converted in 2025. 3. Compute diluted earnings per share for 2025. (Round answer to 2 decimal places, es. 2.55.) Diluted earnings per share $ b. Compute diluted earnings per share for 2025 , assuming the same facts as above, except that $1.020,000 of 6% convertible preferred stock was issued instead of the bonds, Each $100 preferred share is corvertible into 5 shares of 8ramble common stock. (nound answer to 2 decimat ptaces, eg 255) Diluted earningsper share