Calculate diluted earnings per share. $($Round calculations of EPS to $3$ decimal places, e$.$g$.3\mathrm{.}545$ and provide final answer

to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$Metlock Corporation had net income for the current year ending December $31,2023$ of $$1,206,700.$ Throughout $2023$ the following

items were outstanding:

$409,000$ common shares

$20,500$ Class A $$3$ cumulative preferred shares that were convertible to common shares at a rate of $1$:$1$

$50,500$ Class B $$4$ non$-$cumulative preferred shares that were convertible at a rate of $1$ common share for every $2$ preferred

shares.

$$542,500,8\%$ bonds that were convertible to $15,500$ common shares

$$304,000,10\%$ bonds convertible to $9,500$ common shares

No dividends were declared or paid in $2023.$ Metlock's tax rate is $25\%.$