During 2021, R Co. had the following two classes of stock issued and outstanding for the entire year: 530,000 shares of common stock, $1 par. 3,300 shares of 5% preferred stock, $100 par, convertible share-for-share into common stock. R's 2021 net income was $1,930,000, and its income tax rate for the year was 25%. In the computation of diluted earnings per share for 2021, the amount to be used in the numerator is:

Multiple Choice $1,913,500. $1,930,000. $1,921,750. $1,946,500.