Wildhorse Inc. presented the following data.

Net income

$$2,549,190$

Preferred stock: $51,000$ shares outstanding, $$100$ par, $8\%$ cumulative, not convertible

$5,100,000$

Common stock: Shares outstanding $1/1$

Issued for cash, $5/1$

$816,000$

Acquired treasury stock for cash, $\frac{8}{1}$

$162,000$

$2-$for$-1$ stock split, $\frac{10}{1}$

Compute earnings per share. $($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Earnings pershare $

On January $1,2025,$ Marigold Company issued $10-$year, $$1,900,000$ face value, $6\%$ bonds, at par. Each $$1,000$ bond is convertible into $14$ shares of Marigold common stock. Marigold's net income in $2025$ was $$448,200,$ and its tax rate was $20\%.$ The company had $108,000$ shares of common stock outstanding throughout $2025.$ None of the bonds were converted in $2025.$

a$.$ Compute diluted earnings per share for $2025.($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Diluted earnings per share

$

b$.$ Compute diluted earnings per share for $2025,$ assuming the same facts as above, except that $$1,080,000$ of $6\%$ convertible preferred stock was issued instead of the bonds. Each $$100$ preferred share is convertible into $5$ shares of Marigold common stock. $($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Diluted earnings per share

$