Sunland Corporation had net income of $100,000 for the fiscal year ending December 31,2023. The company pays 15% income tax. For fiscal 2023, the weighted average number of common shares was 25,000. Throughout fiscal 2023 Sunland had a $500,000,5% bond that was convertible to 10,000 common shares. On September 1,2023, the company sold another new $1,005,000, 8% bond that was convertible to 30,000 common shares