Duting 2024, J. J. Burks Company had the following two classes of stock issued and outstanding for the entire year: - 580,000 shares of common stock, $1 par. - 3,800 shares of 4% preferred stock, $100 par, convertible share-for-share into common stock. 1. J. Burks 2024 net income was $1,980,000, and its income tax rate for the year was 25%. In the cornputation of diluted earnings per share for 2024, the amount to be used in the numerator is: Muntiple Choice $1,972,400 $1,995,200 $1,980,000 $1,904,000