Assume that the following data relative to Kane Company for 2018 is available:

Net Income $2,770,000

Transactions in Common Shares Change Cumulative

Jan. 1, 2018, Beginning number 740,000

Mar. 1, 2018, Purchase of treasury shares (51,600) 688,400

June 1, 2018, Stock split 2-1 688,400 1,376,800

Nov. 1, 2018, Issuance of shares 228,000 1,604,800

6% Cumulative Convertible Preferred Stock

Sold at par, convertible into210,000shares of common (adjusted for split). $1,050,000

Stock Options

Exercisable at the option price of $25 per share. Average market price in 2018, $30 (market price and option price adjusted for split). 96,000shares

Compute weighted average shares outstanding for 2018.

Weighted average shares outstanding 1432000

Compute the basic earnings per share for 2018.(Round answer to 2 decimal places, e.g. 52.75.)

Basic earnings per share $ 1.89

Compute the diluted earnings per share for 2018.(Round answer to 2 decimal places, e.g. 52.75.)

Diluted earnings per share $ My answer is wrong

I only need help with diluted earnings per share.