Sage Corporation reported net income of $335.500 in 2020 and had 50,000 shares of common stock outstanding throughout the year. Also outstanding all year were 5.500 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share Sage's tax rate is 50% Compute Sage's 2020 diluted earnings per share. (Round answer to 2 decimal places, eg, 3.55.) Diluted earnings per share $