Question 14 of 18 0.33/1 III View Policies Show Attempt History Current Attempt in Progress In 2019, Sheridan Ltd. issued $42,000 of 8% bonds at par, with each $1,000 bond being convertible into 100 common shares. The company had revenues of $74,900 and expenses of $35,500 for 2020, not including interest and taxes (assume a tax rate of 25%). Throughout 2020, 1,500 common shares were outstanding, and none of the bonds were converted or redeemed. (For simplicity, assume that the convertible bonds' equity element is not recorded.) Your answer is correct. Calculate diluted earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) $ 5.18 Diluted earnings per share e Textbook and Media X Your answer is incorrect. Assume that the 42 bonds were issued on October 1, 2020 (rather than in 2019), and that none have been converted or redeemed. Calculate diluted earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) $ 14.47 Diluted earnings per share e Textbook and Media X Your answer is incorrect. Assume the bonds were issued in 2019. Assume that 12 of the 42 bonds were converted on July 1, 2020. Calculate diluted earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) S 5.51 Diluted earnings per share