Blossom Co. has $3800000 of 7% convertible bonds outstanding. Each $1000 bond is convertible into 30 shares of $30 par value common stock. The bonds pay interest on January 31 and July 31 . On July 31,2025 , the holders of $1140000 bonds exercised the conversion privilege. On that date, the market price of the bonds was 104 and the market price of the common stock was $35. The total unamortized bond premium at the date of conversion was $270000. Blossom should record, as a result of this conversion, a loss of $11400. credit of $86400 to Premium on Bonds Payable. credit of $195000 to Paid-in Capital in Excess of Par. credit of $170400.00 to Paid-in Capital in Excess of Par. Carla Vista Co. had 798000 shares of common stock outstanding on January 1, issued 129000 shares on May 1, purchased 69000 shares of treasury stock on September 1, and issued 60000 shares on November 1. The weighted average shares outstanding for the year is 871000. 894000. 848000. 917000. Sunland Company had 295000 shares of common stock issued and outstanding at December 31, 2024. In 2025, no additional common stock was issued. On January 1, 2025, Sunland issued 395000 shares of nonconvertible preferred stock. During 2025, Sunland declared and paid $186000 cash dividends on the common stock and $140000 on the nonconvertible preferred stock. Net income for the year ended December 31, 2025, was $961000. What is Sunland's 2025 earnings per share? $2.15 $1.18 $3.26 $2.78