Rockland Corporation earned net income of $300,000 in 2020 and had 100,000 shares of common stock outstanding throughout the year. Also outstanding all year was $800,000 of 5% bonds, which are convertible into 16,000 shares of common. Rocklands tax rate is 20 percent. Compute Rocklands 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $ enter diluted earnings per share in dollars rounded to 2 decimal placesEntry field with incorrect answer now contains modified data