AHZ Corp. has had a net income of $150,000 for the year 2016 and paid preferred dividends of $30,000. The company had 100,000 common shares and 1,500 preferred shares outstanding for the entire year. Assuming that each share of preferred stock is convertible into 20 shares of common stock, the diluted EPS is closest to: a) $0.85. Ob) $0.92 OC c) $1.15