On January 1, 2025, Bramble Company issued 10-year, $1,980,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 15 shares of Bramble common stock. Bramble's net income in 2025 was $479,400, and its tax rate was 20%. The company had 102,000 shares of common stock outstanding throughout 2025. None of the bonds were converted in 2025. a. Compute diluted earnings per share for 2025. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $ b. Compute diluted earnings per share for 2025, assuming the same facts as above, except that $1,020,000 of 6% convertible preferred stock was issued instead of the bonds. Each $100 preferred share is convertible into 5 shares of Bramble common stock. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $ Assistance Used

On January 1.2025, Bramble Company issued 10 year, $1,980,000 tace value, 6% bonds, at par. Each $1,000 bond is convertible Into 15 shares of Bramble common stock. Bramble's net income in 2025 was 5479,400 , and its tax rate was 20%, The company had 102.000 shares of common stock outstanding throughout 2025 . None of the bonds were comverted in 2025. a. Compute diluted earnings per share for 2025 . (Round answer to 2 decimal places, es. 255) DHuted earnings per stiare s preferred stock was issued instead of the bonds. Each $100 preferred thare ks convectible into 5 shares of giramble comman stock. (Round answer to 2 decimal places, es. 2.55) Cilutecrearnings perstare is Compute the weighted average number of common shates used lin computing earninds per common ahare for 2025 on the 2025 comparative income statement shares