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QUESTION 4 3.33333 points Save Answer Gator, Inc. had net income of $2,500,000 and 500,000 common shares outstanding in 2018. The company paid $450,000 in preferred stock dividends and $30,000 in common stock dividends during the year. The company has 50,000 shares of preferred stock, and each share of preferred stock can be converted in 4 shares of common stock. What was the company's diluted earnings per share (EPS) in 2018? a. $4.100 b. $3.836 c. $3.571 d. $3.221 e. $2.929