On January 1, 2020, Marin Company issued 10 -year, $2,150,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 16 shares of Marin common stock. Marin's net income in 2020 was $518,950, and its tax rate was 20%. The company had 97,000 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, e. $2.55. ) Diluted earnings per share $ (b) Compute diluted earnings per share for 2020 , assuming the same facts as above, except that $970,000 of 6% convertible preferre stock was issued instead of the bonds. Each $100 preferred share is convertible into 5 shares of Marin common stock. (Round answer 2 decimal places, e.g. \$2.55.) Diluted earnings per share $ Riverbed Corporation earned $322,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of $21 per share during the period. Also outstanding were 13,800 warrants that could be exercised to purchase one share of common stock for $14 for each warrant exercised. (a) Are the warrants dilutive? (b) Compute basic earnings per share. (Round answer to 2 decimal places, es. $2.55.) Basic earnings per share $ (c) Compute diluted earnings per share. (Round answer to 2 decimal places, es. \$2.55.) Diluted earnings per share $