Sheffield Corp. had 195000 shares of common stock, 19400 shares of convertible preferred stock, and $601000 of 12% convertible bonds outstanding during 2021. The preferred stock is convertible into 40000 shares of common stock. During 2021, Sheffield paid dividends of $0.55 per share on the common stock and $1.80 per share on the preferred stock. Each $1,000 bond is convertible into 45 shares of common stock. The net income for 2021 was $367000 and the income tax rate was 30%. Diluted earnings per share for 2021 is (rounded to the nearest penny) O $1.37. O $1.64. O $1.59. O $1.41