On January 1, 2025, Marigold Company issued 10 -year, $1,900,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 14 shares of Marigold common stock. Marigold's net income in 2025 was $448,200, and its tax rate was 20%. The company had 108,000 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 $1,080,000 of 6% convertible preferred stock was issued instead of the bonds. Each $100 preferred thare is convertible into 5 shares of Marigold common stock. (Round answer to 2 decimal places, e.s. 2.55.) Diluted earnings per share