Mayfield Corporation has net income of 500,000 for the year and a weighted-average number of ordinary shares outstanding during the period of 175,000 shares. The company has two convertible debenture bond issues outstanding. One is a 6 percent issue sold at 100 (total 1,000,000) in a prior year and convertible into 25,000 ordinary shares. Interest expense for the current year related to the liability component of this convertible bond is 62,000. The other is a 7 percent issue sold at 100 (total 1,000,000) on June 1 of the current year and convertible into 54,000 ordinary shares. Interest expense for the current year related to the liability component of this convertible bond is 100,000. The tax rate is 40 percent