Question: On January 2, 2021, Bonita Industries issued at par $292000 of 5% convertible bonds. Each $1,000 bond is convertible into 60 shares. No bonds

On January 2, 2021, Bonita Industries issued at par $292000 of 5%

On January 2, 2021, Bonita Industries issued at par $292000 of 5% convertible bonds. Each $1,000 bond is convertible into 60 shares. No bonds were converted during 2021. Bonita had 94000 shares of common stock outstanding during 2021. Bonita's 2021 net income was $152000 and the income tax rate was 25%. Bonita's diluted earnings per share for 2021 would be (rounded to the nearest penny) O $1.49. O $1.46. O $1.35. O $1.62.

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