Information concerning the capital structure of Ivanhoe Corporation is as follows: In 2025, Ivanhoe paid dividends of $0.7 per share on its common stock and $3 per share on its preferred stock. The preferred stock is convertible into 30100 shares of common stock. The 7% convertible bonds are convertible into 75300 shares of common stock. The net income for the year ended December 31,2025 , was $401000. Assume that the income tax rate was 30%. What should be the basic earnings per share for the year ended December 31, 2025? $2.34 $1.82 $1.64 $2.64