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Current Attempt in Progress Indigo Corporation reported net income of $269,280 in 2020 and had 50,600 shares of common stock outstanding throughout the year. Also

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Current Attempt in Progress Indigo Corporation reported net income of $269,280 in 2020 and had 50,600 shares of common stock outstanding throughout the year. Also outstanding all year were 5,300 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. Indigo's tax rate is 30%. Compute Indigo's 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $

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