The Swirlie Company had net income for 2018 of $300,000.

There is a $1,000,000 beginning balance of $100 par, 8% cumulative preferred stock.No dividends are in arrears.In addition, there is $1,000,000 in 6% convertible bonds outstanding during the year.Each $1,000 bond is convertible into 2 shares of common stock.Swirlie's effective tax rate is 20%.

Beginning balance in retained earnings is $400,000

Beginning of the year outstanding common stock shares100,000

Par value is $10

Issued additional shares common stock March 1^st10,000

Received$12 per share

Purchased shares of treasury stock on September 1 5,000

Paid $75,000

Issued 2 for 1 stock split on October 17^th

Required: What is diluted earnings per share for the year?Give numbers only.Use this format only.9.99