$In2022,$ Pharoah $Ltd.$ issued $$51,000of8\%$ bonds $at$ par, with each $$1,000$ bond being convertible into $100$ common shares. The

company had revenues $of$ $$70,300$ and expenses $of$ $$35,100$ for $2023,$ not including interest and tax $(Assume$ a tax rate $of25\%).$ Throughout $2023,1,500$ common shares were outstanding. none $of$ the bonds were converted $or$ redeemed. $(For$ simplicity, assume that the convertible bonds' equity element $is$ not recorded.$)$

$1.$ Calcalute the income available $to$ common shareholders.

$2.$Calculate diluted earnings per share for the year ended December $31,2023.$ For simplicity, ignore the requirement $to$ record the bonds' debt and equity components separately. The bonds are assumed $tobe$ converted for the entire year. $(Round$ answer $to2$ decimal places, $e.g.15\mathrm{.}25).$

$3.$Assume that the $51$ bonds were issued $on$ October $1,2023(rather$ than $in2022),$ and that none have been converted $or$ redeemed. Calculate diluted earnings per share for the year ended December $31,2023.(Round$ answer $to2$ decimal places, $e.g.15\mathrm{.}25).$

$4.$ Assume that $14of$ the $51$ bonds were converted $on$ July $1,2023.$ Calculate diluted earnings per share for the year ended December $31,2023.(Round$ answer $to2$ decimal places, $e.g.15\mathrm{.}25).$