At December 31, 2020, Oriole Company had 1180000 shares of common stock outstanding. In addition, Oriole had 459000 shares of preferred stock which were convertible into 743000 shares of common stock. During 2021, Oriole paid $1210000 cash dividends on the common stock and $790000 cash dividends on the preferred stock. Net income for 2021 was $6770000 and the income tax rate was 40%. The diluted earnings per share for 2021 is (rounded to the nearest penny)

$5.73.

$5.07.

$3.52.

$2.50.