Cary Corp. reported net income of $220,000 in 2023. The company had 45,000 common shares issued and outstanding during the entire fiscal year. In addition, the company has outstanding $150,000 of 10% convertible bonds that were initially issued during 2021 at par value. Each $1,000 convertible bond is convertible into 40 shares of common stock, as of end of the 2023 fiscal year no bonds had been converted. Cary's effective tax rate is 25%. What amount would Cary report for Diluted EPS?

Cary Corp. reported net income of $220,000 in 2023 . The company had 45,000 common shares issued and outstanding during the entire fiscal year. In addition, the company has outstanding $150,000 of 10% convertible bonds that were initially issued during 2021 at par value. Each $1,000 convertible bond is convertible into 40 shares of common stock, as of end of the 2023 fiscal year no bonds had been converted. Cary's eifective tax rate is 25%. What amount would Cary report for Diluted EPS