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During 2013, Blue Inc., a furniture store, issued two different series of bonds, details of...

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Accounting

During 2013, Blue Inc., a furniture store, issued two different series of bonds, details of which follow:
First issue: ,610$100,9% bonds, at par, each convertible into 6 common shares.
Second issue: ,250$100,7% bonds, at par, each convertible into 2 common shares.
For the year ended December 31,2023, the company had net income of $76,860. Throughout 2023,3,000 common shares were
outstanding; none of the bonds were converted or redeemed. The company's tax rate was 20%.
Calculate diluted earnings per share. (Round calculations of EPS to 3 decimal places, e.g. $3.545 and provide final answer to 2 decimal
places, e.g.15.25.)
Diluted EPS
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