At December 31, 2014 and 2013, GHI had 90 common shares and 20 convertible preferred shares outstanding, in addition to 9% convertible bonds payable in the face amount of $4,000. During 2014, GHI paid dividends of $2.50 per share on the preferred shares (the annual requirement). The preferred shares are convertible into 20 common shares. The 9% convertible bonds are convertible into 30 common shares. Net income for 2014 was $1,940. Assume an income tax rate of 40%. The earnings per share amounts would be: (Rounded to the nearest cent)

		A. Basic $21.00; diluted $15.40.
		B. Basic $21.00; diluted $15.76.
		C. Basic $21.56; diluted $15.40.
		D. Basic $21.56; diluted $15.76.