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In 2024, Splish Enterprises issued, at par, 60$1,000,8% bonds, each convertible into 100 shares of common stock. Splish had revenues of $20,600 and expenses other than interest and taxes of $8,000 for 2025 . (Assume that the tax rate is 20%.) Throughout 2025,1,900 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2025. (Round answer to 2 decimal places, eg. 2.55.) Earnings per share (b) Assume the same facts as those assumed for part (a), except that the 60 bonds were issued on September 1, 2025 (rather than in 2024), and none have been converted or redeemed. Compute diluted earnings per share for 2025. (Round answer to 2 decimal places, eg. 2.55.) Earnings per share \$ (c) Assume the same facts as assumed for part (a), except that 20 of the 60 bonds were actually converted on July 1, 2025. Compute diluted earnings per share for 2025. (Round answer to 2 decimal places, eg. 2.55.) Earnings per share Whispering Company's net income for 2025 is $51,500. The only potentially dilutive securities outstanding were 900 options issued during 2024, each exercisable for one share at $6. None has been exercised, and 10,700 shares of common were outstanding during 2025. The average market price of Whispering's stock during 2025 was $18. a. Compute diluted earnings per share. (Round answer to 2 decimal places, eg. 2.55.) Diluted earnings per share b. Assume the same facts as those assumed for part (a), except that the 900 options were issued on October 1, 2025 (rather than in 2024). The average market price during the last 3 months of 2025 was $18. (Round answer to 2 decimal places, eg. 2.55.) Diluted earnings per share

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