Larkspur Corporation reported net income of $214700 in 2020 and had 47.100 shares of common stock outstanding throughout the year. Also outstanding all year were 4.700 shares of cumulative preferred stock each convertible into 2 shares of common. The preferred stock pays an annual dividend of 55 per share. Larkspur's tax rate is 30%. Compute Larkspur's 2020 diluted earnings per share. (Round answer to 2 decimal places, eg, 3.55) I Diluted earnings per share