Wildhorse Co$.$ had $2320000$ shares of common stock outstanding on January $1$ and December $31,$

$2025.$ In connection with the acquisition of a subsidiary company in June $2024,$ Wildhorse is

required to issue $103000$ additional shares of its common stock on July $1,2026$ to the former

owners of the subsidiary. Wildhorse paid $$198000$ in preferred stock dividends in $2025$ and

reported net income of $$3396360$ for the year. Wildhorse's diluted earnings per share for $2025$ is

$$1\mathrm{.}46.$

$$1\mathrm{.}40.$

$$1\mathrm{.}38.$

$$1\mathrm{.}32.$