paul limited$\text{'}$e net income for the year ended December $21,2023$ was $$499750$ and there were $86000$ common shares outstanding during the entire year. Paul has the following two convertible securities outstanding: $10\%$ convertible bonds $($each $$1000$ bond is convertible into $20$ common shares$).5\%$ convertible $$100$ par value cumulative preferred shares $($each share is convertible into two common shares$)$ $$105000.$ Both convertible securities were issued at face value in $2020.$ There were no conversions during $2023,$ and Paul's income tax rate is $25\%.$ calculate diluted earnings per share