Coronado Industries had 210000 shares of common stock, 20800 shares of convertible preferred stock, and $598 O 9% convertible bonds outstanding during 2018. The refer e stock s convertible into 4 shares of common stock. During 2018, Coronado paid dividends of $0.54 per share on the common stock and $1.80 per share on the preferred stock. Each $1,000 bond is convertible into 45 shares of common stock. The net income for 2018 was $351 000 and the income tax rate was 30%. Basic earnings per share for 2018 is (rounded to the nearest penny) $1.41 $1.36 $1.16 $1.49