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

In $2025,$ Crane paid dividends of $$0\mathrm{.}70$ per share on its common stock and $$2\mathrm{.}00$ per share on its preferred stock. The

preferred stock is convertible into $31000$ shares of common stock. The $6\%$ convertible bonds are convertible into

$74400$ shares of common stock. The net income for the year ended December $31,2025,$ was $$393560.$ Assume that

Crane's income tax rate was $30\%.$

What should Crane report for diluted earnings per share for the year ended December $31,2025?$

$$2\mathrm{.}15$

$$2\mathrm{.}02$

$$1\mathrm{.}70$

$$1\mathrm{.}90$