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can anyone please help me. Information concerning the capital structure of Bonita...

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Accounting

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Information concerning the capital structure of Bonita Industries is as follows: During 2021, Bonita paid dividends of $0.70 per share on its common stock and $2 per share on its preferred stock. The preferred stock is convertible into 30700 shares of common stock. The 5% convertible bonds are convertible into 74700 shares of common stock. The net income for the year ended December 31, 2021, was $407000. Assume that the income tax rate was 28%. What should be the diluted earnings per share for the year ended December 31, 2021, rounded to the nearest penny? $2.13 $2.00 $1.88 $2.28

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