Vaughn Manufacturing had 198,000 shares of common stock, 20200 shares of convertible preferred stock, and $1,530,00 of 4% convertible bonds outstanding during 2021. The preferred stock is convertible into 408,000 shares of common stock. During 2021. Vaughn paid dividends of $1.00 per share on the common stock and $3 per share on the preferred stock. Each $1000 bond is convertible into 30 shares of common stock. The net income for 2021 was $594,000 and the income tax rate was 35%. Diluted earnings per share for 2021 is (rounded to the nearest penny