On lanuary 1, 2020, Oriole Company issued 10-year, $2,150,000 face value, 6% bonds, at par, Each $1,000 bond is convertible into 16 shar 5 of Oriole common stock. Oriole's net income in 2020 was $518.950, and its tax rate was 20%. The comparry had 97,000 shares of common stock outstanding throughout 2020 . None of the bonds were converted in 2020. (a) Compute diluted earnings per share for 2020 . (Round answer to 2 decinal ploces eg. \$2.55) Diluted earnings per share $ (b) Compute diluted earnings per share for 2020, assuming the same facts as above, except that $970,000 of 6% convertible preferred 5 tock was issued instead of the bonds. Each $100 preferred share is convertible into 5 shares of Oriole common stock. (Round answer to 2 decimal places, es. $2.55 ) Diluted earnings per share