On JANUARY 1, 2014, Crocker Company issued 10-year, $3, 648,000 face value. 6% bonds at par, Each $1,000 bond is convertible into 24 shares of Crocker common stock, Crocker's net income in 2014 was $265,000, and its tax rate was 40 1/2, The company had 103,000 shares of common stock outstanding throughout 2014. None of the bonds were converted in 2014. Compute diluted earrings per share for 2014. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earrings per share $ 1.74 Compute diluted earrings per share for 2014. assuming the same facts as above, except that $1, 030,000 of 6% convertible preferred stock was issued inside of the bonds. Each $100 preferred share is convertible into 5 shares of CROCKER common stock. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earrings per share $ 1.73