During the current year, Comma Co. had outstanding: 25,000 shares of common stock, 8,000 shares of $20 par, 10% cumulative preferred stock, and 3,000 bonds that are $1,000 par and 9% convertible. The preferred stock and bonds were originally issued at par. Each bond is convertible into 30 shares of common stock, and each share of preferred stock is convertible into 10 shares of common stock. During the year, net income was $200,000, no dividends were declared, and the tax rate was 30%. There were no changes during 2018 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 10,000 shares of common stock at $20 per share.

The average market price of the companys common stock was $25 during the current year.

(b) What amount was Comma's diluted earnings per share for the current year?