Information concerning the capital structure of Blossom Corporation is as follows:

December 31,2025Common stock140000 sharesConvertible preferred stock14000 shares5% convertible bonds$2300000

In 2025, Blossom paid dividends of $0.7 per share on its common stock and $2 per share on its preferred stock. The preferred stock is convertible into 29000 shares of common stock. The 5% convertible bonds are convertible into 74000 shares of common stock. The net income for the year ended December 31, 2025, was $390000. Assume that the income tax rate was 30%. What should be the basic earnings per share for the year ended December 31, 2025?

$1.89

$2.79

$2.10

$2.59