Your answer is partially correct.

In $2024,$ Sheridan Enterprises issued, at par, $60$$$1,000,8\%$ bonds, each convertible into $100$ shares of common stock. Sheridan had

revenues of $$18,100$ and expenses other than interest and taxes of $$9,500$ for $2025.($Assume that the tax rate is $20\%.)$ Throughout

$2025,1,800$ shares of common stock were outstanding; none of the bonds was converted or redeemed.

$20$ of the $60$ bonds were actually converted on July $1,2025.$ Compute

diluted earnings per share for $2025.($I already wrote $0\mathrm{.}96$ as an asnwer and the homework website said it is WRONG, please don't copy paste other chegg answers, try to answer this question$)$