At December 31,2024, Blossom Company had 2060000 shares of common stock outstanding, On January 1, 2025, Blossom issued 508000 shares of preferred stock which were convertible into 970000 shares of its common stock. In 2025, Blossom declared and paid $1130000 cash dividends on the common stock and $408000 cash dividends on the preferred stock. Net income for the year ended December 31,2025 , was $4938900. Assuming an income tax rate of 30%, what was diluted earnings per share for the year ended December 31, 2025? $1.96 $1.63 $1.50 $2.40