28) ABC Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $2,000,000 of 6% convertible bonds outstanding during 2021. The preferred stock is convertible into 60,000 shares of common stock. During 2021, ABC paid dividends of $.80 per share on the common stock and $3 per share on the preferred stock. Each $1,000 bond is convertible into 40 shares of common stock. The net income for 2021 was $600,000 and the income tax rate was 20%. Diluted earnings per share for 2021 is