Common stock at the beginning of the year: 50,000 shares Shares issued on January 1: 4,000 Preferred stock: 12,000 shares, each of them convertible into 3 shares of common stock. Dividends amounting to $6,000 were declared on these shares. The company reported net income of $200,000 and paid $10,000 as dividends to its common shareholders. The company's diluted EPS is closest to: O 2.27 O 2.22 O 2.20