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Schilling Inc. has the following information available at 12/31/19: 12/31/19 Common Stock 175,000...

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Accounting

Schilling Inc. has the following information available at 12/31/19:

12/31/19

Common Stock 175,000 shares

6% convertible bonds (issued at par) $1,000,000

Net Income $2,920,000

Additional information: The bonds were originally issued in a prior year The bonds are convertible into 18,000 shares of common stock No additional common shares were issued during 2019 The tax rate is 32%.

What is Schilling's diluted EPS for 2019?

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