ment CALCULATOR BACK Exercise 16-25 On January 1, 2020, Vaughn Company issued 10 year, $1,350,000 face value on bonds, at par. Each $1,000 bond is convertible wto 16 shares of Vaughn common stock Vas net income in 2020 was 5412,800, and its tax rate was 20%. The company had 96,000 shares of common stock outstanding throughout 2020 None of the bonds were converted in 2020 (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, s. 52.55.) Diluted earnings per share (b) Compute diluted earnings per share for 2020, assuming the same facts as above, that $60.000 of convertible preferred to assisted of the bonds. Each $100 preferred share is convertible into 5 shares of Vaughn common stock (Round answer to 2 decimal places - 52.55.) Duted earnings per share Click if you would like to show Work for this questioni Gen Show Work LINK TO TEXT