Current Attempt in Progress Waterway Corporation earned $374,000 during a period when it had an average of 100.000 shares of common stock outstanding. The common stock sold at an average market price of $15 per share during the period. Also outstanding were 15,600 warrants that could be exercised to purchase one share of common stock for $10 for each warrant exercised. (c) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share $