The following additional information is available.

On July $31,2023,$ Oriole exchanged common shares for a large piece of equipment. This was the only transaction that resulted in issuance of common shares in $2023.$

Income before discontinued operations for $2023$ was $$1,400,000,$ and a loss from discontinued operations of $$280,000$ was recorded, net of applicable tax recovery.

During $2023,$ dividends in the amount of $$4$ per share were paid on the preferred A shares.

Each $$1,000$ bond can be converted into $25$ common shares.

There were unexercised stock options, outstanding since $2020,$ that allow holders to purchase $20,000$ common shares at $$4$ per share.

Written warrants to purchase $10,000$ common shares at $$10$ per share were outstanding at the end of $2022,$ and no warrants were exercised in $2023.$

The average market value of the common shares in $2023$ was $$8.$

Oriole's tax rate is $20\%.$

Oriole declared and paid a $$5,000$ dividend to common shareholders on June $1,2023\mathrm{.}5.)$

Caculate the diluted earnings per share for $2023,$ using th eif$-$covered method. For simplicity, ignore the requirment to record the debt and equity components of the bonds separately