In $2022,$ Sandhill Ltd$.$ issued $$52,000$ of $9\%$ bonds at par, with each $$1,000$ bond being convertible into $100$ common shares. The

company had revenues of $$72,500$ and expenses of $$37,400$ for $2023,$ not including interest and tax. $($Assume a tax rate of $30\%.)$

Throughout $2023,1,300$ common shares were outstanding, and none of the bonds were converted or redeemed. $($For simplicity,

assume that the convertible bonds' equity element is not recorded.$)$

X Your answer is incorrect.

Calculate income available to common shareholders.