Primus, Inc., owns all outstanding stock of Sonston, Inc. For the current year, Primus reports net income (exclusive of any investment income) of $504,000. Primus has 50,000 shares of common stock outstanding. Sonston reports net income of $104,000 for the period, with 50,000 shares of common stock outstanding. Sonston also has 10,000 stock warrants outstanding that allow the holder to acquire shares at $14.00 per share. The value of this stock was $28 per share throughout the year. Primus owns 5,400 of these warrants.

What amount should Primus report for diluted earnings per share