At December 31, 2024, Ivanhoe Company had 1990000 shares of common stock outstanding. On January 1, 2025, Ivanhoe issued 506000 shares of preferred stock which were convertible into 1080000 shares of its common stock. In 2025, Ivanhoe declared and paid $1170000 cash dividends on the common stock and $398000 cash dividends on the preferred stock. Net income for the year ended December 31,2025 , was $5034800. Assuming an income tax rate of 30%, what was diluted earnings per share for the year ended December 31, 2025? $2.11 $1.64 $2.53 $1.50