The following information is for Blossom Limited for 2017:

Net income for the year		$2,340,000
8% convertible bonds issued at par ($1,000 per bond), with each bond convertible into 40 common shares		1,930,000
6% convertible, cumulative preferred shares, $100 par value, with each share convertible into 3 common shares		4,100,000
Common shares (500,000 shares outstanding)		5,000,000
Stock options (granted in a prior year) to purchase 75,000 common shares at $18 per share		950,000
Tax rate for 2017		30%
Average market price of common shares		$23	per share

There were no changes during 2017 in the number of common shares, preferred shares, or convertible bonds outstanding. For simplicity, ignore the requirement to book the convertible bonds equity portion separately.

Calculate diluted earnings per share for 2017.