Blue Am Company had 50,000 shares of common stock outstanding on January 1,2024 . On April 1,2024, the company issued 20,000 shares of common stock. The company had outstanding fully vested incentive stock options for 5,000 shares exercisable at $10 that had not been exercised by its executives. The end-of-year market price of common stock was $13 while the average price for the year was $12. The company reported net income in the amount of $269,915 for 2024 . What is the diluted earnings per share (rounded)? 14) A) $3.60 B) $4.10 C) $4.50 D) $3.81 Raksakul Corporation had 140,000 shares of common stock and 14,000 shares of 7%,$100 par convertible preferred stock outstanding during the year. Net income for the year was $480,000 and dividends were paid to both common and preferred shareholders. Raksakul's effective tax rate is 25%. Each share of preferred stock is convertible into five shares of common stock. What is Raksakul's diluted EPS (rounded)? 15) A) $3.12 B) $2.29 C) $4.40 D) $4.13