During 2024, J. J. Burks Company had the following two classes of stock issued and outstanding for the entire year: 560,000 shares of common stock, $1 par. 3,600 shares of 5% preferred stock, $100 par, convertible share-for-share into common stock. J. J. Burks' 2024 net income was $1,960,000, and its income tax rate for the year was 25%. In the computation of diluted earnings per share for 2024, the amount to be used in the numerator is: Multiple Choice $1,960,000. $1,942,000. $1,978,000. $1,951,000