On January 1,2020 , Larkspur Company issued 10 -year, $1,980,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 15 shares of Larkspur common of the bonds were converted in 2020. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. \$2.55.) Diluted earnings per share $ (b) Compute diluted earnings per share for 2020 , assuming the same facts as above, except that $1,020,000 of 6% convertible preferred stock was insued the bonds. Each $100 preferred share is convertible into 5 shares of Larkspur common stock. (Round answer to 2 decimal places, e.g. $2.55 ) Diluted earnings per share $