Information concerning the capital structure of Bramble Corp. is as follows: December 31, 2021 2020 Common stock 147000 Shares 147000 shares Convertible preferred stock 14300 shares 14300 shares 5% convertible bonds $2430000 $2430000 During 2021. Bramble paid dividends of $0.70 per share on its common stock and 53 per share on its preferred stock. The preferred stock is convertible into 29100 shares of common stock. The convertible bonds are convertible into 75000 shares of common stock. The net income for the year ended December 31, 2021 was $404000. Assume that the income tax rate was 32% What should be the basic earnings per share for the year ended December 31, 2021 rounded to the nearest penny? What should be the basic earnings per share for the year ended December 31, 2021, rounded to the nearest penety? O $2.75 O $1.87 $2.46 O $1.76