On January 1, 2022, Pharoah SA issued 10-year, 1,900,000 face value, 6% bonds, at par. Each 1,000 bond is convertible into 14 ordinary shares of Pharoah. Pharoah's net income in 2023 was 509,850, and its tax rate was 40%. Interest expense on the liability component in 2023 was 133,000. The company had 99,000 ordinary shares outstanding throughout 2022. None of the bonds were converted in 2022. (a) Compute diluted earnings per share for 2022. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share (b) Compute diluted earnings per share for 2022, assuming the same facts as above, except that 990,000 of 6% convertible preference shares were issued instead of the bonds. Each 100 preference share is convertible into 5 ordinary shares of Pharoah. (Round answer to 2 decimal places, eg. 2.55.) Diluted earnings per share