Question: NOTE: In all three parts, for Basic EPS purposes, the weighted average number of common shares outstanding was 136,000 . (1) A partial income statement

NOTE: In all three parts, for Basic EPS purposes, the weighted average number of common shares outstanding was 136,000 . (1) A partial income statement for a company for the year 2022 is presented below: The $100,000 interest relates to convertible bonds, $1,000,000 par, 10% interest. Each $1,000 bond is convertible into 25 common shares. The bonds were issued in 2020 . Bondholders have the option to convert the bonds starting in 2025. (a) Compute the basic EPS for 2022 (b) Compute the diluted EPS for 2022

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