Question $20$ of $25$

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Cullumber Co$.$ had $2450000$ shares of common stock outstanding on January $1$ and December $31,2025.$ In connection with the acquisition of a subsidiary company in June $2024,$ Cullumber is required to issue $110000$ additional shares of its common stock on July $1,2026$ to the former owners of the subsidiary. Cullumber paid $$210000$ in preferred stock dividends in $2025$ and reported net income of $$3461200$ for the year. Cullumber's diluted earnings per share for $2025$ is

$$1\mathrm{.}35.$

$$1\mathrm{.}27.$

$$1\mathrm{.}33.$

$$1\mathrm{.}41.$