Oriole Inc. had net income for the current year ending December 31, 2020 of $909,420. During the entire year, there were 509,000 common shares outstanding. The company had two classes of preferred shares outstanding: the Class A preferred shares were $1.98 cumulative shares of which 12,000 were outstanding, and were convertible to common shares at a rate of 1:1. There were 105,000 $5.98 Class B non-cumulative preferred shares outstanding that were also convertible at a rate of 1:1. Oriole had outstanding a $1,000,000, 6% bond issued in 2009 that was convertible to 22,000 common shares. The company also had outstanding a $1,000,000, 4% bond issued in 2010 that was convertible to 26,000 common shares. No dividends were declared or paid this year. Orioles tax rate is 37%.

Calculate diluted earnings per share. (Round calculations of EPS to 3 decimal places, e.g. $3.545 and provide final answer to 2 decimal places, e.g. 15.25.)

Numerator Denominator EPS

Basic $ $

Sub Total 2009 bonds

2010 bonds

Class A preferred shares

Class B preferred shares

Sub Total 2009 bonds

2010 bonds

Class A preferred shares

Class B preferred shares $ $

Diluted EPS