Question 3 Not complete Marked out of 1.00 Flag question Computing EPS: Convertible Bonds A company has outstanding $140,000 of 8% convertible bonds due in five years. Each $1,000 convertible bond is convertible into 40 shares of common stock. Net income for the year was $896,000. Common shares outstanding for the year were 375,000. The relevant tax rate is 25% a. Compute basic earnings per share. b. Compute diluted earnings per share. Note: Round per share amounts to two decimal places. Net Income Available to weighted Avg. Common Common Stockholders Shares Outstanding Share Basic EPS Diluted EPS S Per S