Multiple Choice Question 122 At December 31, 2017, Marigold Corp, had 1196000 shares of common stock outstanding. On October 1, 2018, an additional 400000 shares of common stock were issued. In addition, Marigold had $13950000 of 6% convertible bonds outstanding at December 31, 2017, which are convertible into 799000 shares of common stock. No bonds were converted into common stock in 2018. The net income for the year ended December 31, 2018, was $5230000. Assuming the income tax rate was 30%, what should be the diluted earnings per share for the year ended December 31, 2018, rounded to the nearest penny? O $2.78 O $2.22 O $2.89 O $4.02