1 of 10 View Policies Current Attempt in Progress -12 Concord Corporation had 206000 shares of common stock, 20400 shares of convertible preferred stock, and $1510000 of 6% convertible bonds outstanding during 2021. The preferred stock is convertible into 39900 shares of common stock. During 2021. Concord paid dividends of $0.80 per share on the common stock and $3 per share on the preferred stock. Each $1.000 bond is convertible into 30 shares of common stock. The net income for 2021 was $593000 and the income tax rate was 35% Diluted earnings per share for 2021 is (rounded to the nearest penny) O $2.41. O $2.05. $2.24. $2.01. eTextbook and Media Save for Later Attempts: 0 of 1 used Submit Answer View Policies Current Attempt in Progress Sunland Company had 1590000 shares of common stock issued and outstanding at December 31, 2020. On July 1, 2021 an additional 1259000 shares were issued for cash. Sunland also had stock options outstanding at the beginning and end of 2021 which allow the holders to purchase 378000 shares of common stock at $25 per share. The average market price of Sunland's common stock was $30 during 2021. What is the number of shares that should be used in computing diluted earnings per share for the year ended December 31, 2021? O2282500 2534500 2912000 O 2301250 eTextbook and Media Save for Later Attempts: 0 of 1 used Submit