Question $4$: Ch $17$ EPS $-$ Earnings per Share $(21$ points$)$ In $2022,$Crane$$Ltd$.$ issued $$55,000$of$10\%$ bonds at par, with each $$1,000$bond being convertible into$100$common shares. The company had revenues of $$72,300$and expenses of $$42,600$for $2023,$ not including interest and tax. $($Assume a tax rate of$20\%.)$ Throughout $2023,1,700$common shares were outstanding, and none of the bonds were converted or redeemed. $($For simplicity, assume that the convertible bonds$$ equity element is not recorded.$)$ Requirements: part a$)$ Calculate income available to common shareholders. $$ Part b$)$ Calculate diluted earnings per share for the year ended December $31,2023.$ For simplicity, ignore the requirement to record the bonds$$ debt and equity components separately. The bonds are assumed to be converted for the entire year.$($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$ Part c$)$ Assume that the$55$bonds were issued on October $1,2023($rather than in $2022),$ and that none have been converted or redeemed. Calculate diluted earnings per share for the year ended December $31,2023.($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$