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Marigold Corp. had 197000 shares of common stock, 20200 shares of convertible preferred stock, and $1492000 of 6% convertible bonds outstanding during 2021. The preferred

Marigold Corp. had 197000 shares of common stock, 20200 shares of convertible preferred stock, and $1492000 of 6% convertible bonds outstanding during 2021. The preferred stock is convertible into 39400 shares of common stock. During 2021, Marigold paid dividends of $0.80 per share on the common stock and $3 per share on the preferred stock. Each $1,000 bond is convertible into 30shares of common stock. The net income for 2021 was $610000 and the income tax rate was 30%. Basic earnings per share for 2021 is (rounded to the nearest penny)

A$2.28.

B$2.58.

C$2.50.

D$2.79.

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