On January 1, 2020, Carla Company issued 10-year, $1,860,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 15 shares of Carla common stock. Carla's net income in 2020 was $414,000, and its tax rate was 20%. The company had 92,000 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, eg. $2.55.) Diluted earnings per share (b) Compute diluted earnings per share for 2020, assuming the same facts as above, except that $920,000 of 6% convertible preferred stock was issued instead of the bonds. Each $100 preferred share is convertible into 5 shares of Carla common stock. (Round answer to 2 decimal places, eg. $2.55.) Diluted earnings per share