22. Coronado Industries had 190000 shares of common stock, 19600 shares of convertible preferred stock, and $1497000 of 4% convertible bonds outstanding during 2021. The preferred stock is convertible into 39100 shares of common stock. During 2021, Coronado paid dividends of $0.80per share on the common stock and $4 per share on the preferred stock. Each $1,000 bond is convertible into 30 shares of common stock. The net income for 2021 was $600000 and the income tax rate was 30%. Basic earnings per share for 2021 is (rounded to the nearest penny)

$2.54.

$2.32.

$2.75.

$2.62.