For the current year, Molly Corp. had income available to common stockholders of $3,000,000 and weighted average common shares of 1,500,000. There are four potentially dilutive securities. The numerator and denominator effects for these securities has been determined to be as follows Denominator Effect Numerator Effect Security $504,000 $700,000 1 280,000 2 500,000 375,000 $0 $600,000 400,000 4 Diluted earnings per share (to the nearest cent) for the current year would be $1.60. $1.57 $1.56 $1.55