Concord Corporation had 196000 shares of common stock, 20500 shares of convertible preferred stock, and $1490000 of 4% convertible bonds outstanding during 2021. The preferred stock is convertible into 39900 shares of common stock. During 2021, Concord paid dividends of $0.80 per share on the common stock and $2 per share on the preferred stock. Each $1,000 bond is convertible into 30 shares of common stock. The net income for 2021 was $604000 and the income tax rate was 35%. Diluted earnings per share for 2021 is (rounded to the nearest penny)

$2.16.

$2.56.

$2.29.

$2.12.