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At December 3 1 , 2 0 2 4 , Cullumber Company had 1 1 9 4 0 0 0 shares of common stock outstanding

At December 31,2024, Cullumber Company had 1194000 shares of common stock outstanding On October 1,2025 an additional 405000 shares of common stock were issued. In addition Cullumber had 13970000 of 7% convertible bonds outstanding at December 31,2024 that are convertible into 800000 shares of common stock. No bonds were converted into common stock in 2025. The net income for the year ended December 31,2025 was $5265980. Assuming an income tax rate of 30% what is diluted earnings per share for the year ended December 31,2025?
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