Information concerning the capital structure of Cullumber Corporation follows: December 31, 2023 Common shares outstanding 100000 shares Convertible preferred shares outstanding 10000 shares 9% convertible bonds $2024000 O $4.60. O $4.84. O $3.35. O $3.33. 2022 100000 shares 10000 shares $2024000 During 2023, Cullumber paid dividends of $1.00 per common share and $2.30 per preferred share. The preferred shares are non- cumulative, and convertible into 20000 common shares. The 9% convertible bonds are convertible into 50000 common shares. Net income for calendar 2023 was $507000. Assume the income tax rate is 30%. Basic earnings per share for 2023 is