points (tra Crudit) Corporation camed net income of $500,000 and had 20,000 shares of common stock outstanding throughout the year. The corporation also lad 15.000 shares of cumulative preferred stock, each convertible into two stores of common stock. The preferred stock pays an unul dividend of 20 per share. The tax rate Is 35% Calculate diluted earnings per share. Express your answer in dollars and cents, rounded to the nearest cent For the toolbar, ALTSFO