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Sage Corporation earned net income of 5348,400 in 2020 and had 113,000 shares of common stock outstanding throughout the year. Also outstanding all year was

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Sage Corporation earned net income of 5348,400 in 2020 and had 113,000 shares of common stock outstanding throughout the year. Also outstanding all year was $850,000 of 5% bonds, which are convertible into 15.000 shares of common. Sage's tax rate is 20 percent. Compute Sage's 2020 diluted earnings per share. (Round answer to 2 decimal places ex. 3.55.) Diluted earnings per share $

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