At December 31, 2024, Blossom Co. had 1100000 shares of common stock outstanding. In addition, Blossom...

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At December 31, 2024, Blossom Co. had 1100000 shares of common stock outstanding. In addition, Blossom had 440000 shares of preferred stock which were convertible into 740000 shares of common stock. During 2025, Blossom paid $1100000 cash dividends on the common stock and $790000 cash dividends on the preferred stock. Net income for 2025 was $6697600 and the company's income tax rate was 20%. Diluted earnings per share for 2025 was At December 31, 2024, Blossom Co. had 1100000 shares of common stock outstanding. In addition, Blossom had 440000 shares of preferred stock which were convertible into 740000 shares of common stock. During 2025, Blossom paid $1100000 cash dividends on the common stock and $790000 cash dividends on the preferred stock. Net income for 2025 was $6697600 and the company's income tax rate was 20%. Diluted earnings per share for 2025 was