Information concerning the capital structure of Coronado Industries is as follows: December 31, 2021 2020 Common stock 157000 shares 157000 shares 15100 shares 15100 shares Convertible preferred stock E 7% convertible bonds $2310000 $2310000 During 2021, Coronado paid dividends of $0.90 per share on its common stock and $3 per share on its preferred stock. The preferred stock is convertible into 29900 shares of common stock. The 7% convertible bonds are convertible into 75400 shares of common stock. The net income for the year ended December 31, 2021, was $399000. Assume that the income tax rate was 32%. What should be the diluted earnings per share for the year ended December 31, 2021, rounded to the nearest penny? $1.72 $2.19 $2.07 $1.94