At December 31, 2024, Cullumber Co. had 1120000 shares of common stock outstanding. In addition, Cullumber had 455000 shares of preferred stock which were convertible into 759000 shares of common stock. During 2025, Cullumber paid $1250000 cash dividends on the common stock and $796000 cash dividends on the preferred stock. Net income for 2025 was $6801980 and the company's income tax rate was 20%. Diluted earnings per share for 2025 was $6.00.$6.07$2.53$3.62