Lemer Co. had 200,000 ordinary shares, 20,000 shares of convertible preference shares, and $1,000,000 of 10% convertible bonds outstanding during 2011. The preference shares are convertible into 40 000 ordinary shares. During 2011, Lerner paid dividends of $ 90 per ordinary share and $3.00 per preference share. Each $1,000 bond is convertible into 45 ordinary shares. The net income for 2011 was $600,000 and the income tax rate was 30% Diluted earnings per share for 2011 is (rounded to the nearest penny $2.46 $2.35 $2.25 $2.14