Question 21 3.4 points Save Ans Somervell Corporation had 280,000 shares of common stock and 28,000 shares of 8%, $100 par convertible preferred stock outstanding during the year. Each share of preferred stock is convertible into five shares of common stock. Net income for the year was 5760,000 and dividends were paid to both common and preferred shareholders. What is Somervells diluted EPS (rounded? 52.47 51.81 $5.00 $3.51 Question 21 of 30