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On January 2.2021. L Co. Issued at face value $22,500 of 2% bonds convertible in total into 1,500 shares of L's common stock. No bonds

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On January 2.2021. L Co. Issued at face value $22,500 of 2% bonds convertible in total into 1,500 shares of L's common stock. No bonds were converted during 2021. Throughout 2021. L had 1500 shares of common stock outstanding L's 2021 net income was $4,500. L's income tax rate is 20% No potential common shares other than the convertible bonds were outstanding during 2021 L's diluted earnings per share for 2021 would be: Multiple Choice O $1.50 $1.62 $1.65. DS $3.00

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