Kieso, Intermediate Accounting, 16e Help I System Ann CALCULATOR pRINTER VERSIONBACK NEXT Exercise 16-25 on lanuary 1 2017 Riverbed Company issued 10-year, $1,860,000 face value, 6% bonds, at par. Each si 0 0 bond is convertible into 16 shares of he bedcom on stock net income in 2017 was $274,000, and its tax rate was 40%, The company had 96,000 s hares of common stock outstanding throughout 2017. None of the bonds were converted in 2017 (a) Compute diluted earnings per share for 2017. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share s (b) Compute diluted earnings per share for 2017, assuming the same facts as above, except that S960.000 of 6% convertible preferred stock was issued instead ofthe b ds. Each$100 preferred share is convertible into 5 shares of Riverbed common stock. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per shares dy Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: O of 2 used