$$ On April $1$ of the current year, Plant Inc. issued $700,8\mathrm{.}5\%$ bonds with a face value of $$1,000$ each and are $12$ year bonds that pay interest on October $31$ and february $28$th of each year. Each bond is convertible to $$754,000.$ There is not a beneficial conversion option with these bonds. Net income $702,750.$ Weight number of shares outstanding $451,635,$ tax rate $21\%$