At December $31,2022,$ Ayayai Ltd$.$ had $895000$ common shares outstanding. In addition, the corporation had $345000$ non$-$cumulative preferred shares outstanding, which were convertible into $595000$ common shares. During $2023,$ Ayayai paid cash dividends of $\backslash (\backslash$$ $355000\backslash )$ to the common shares and $\backslash (\backslash$$ $220000\backslash )$ to the preferred shares. Net income for $2023$ was $\backslash (\backslash$$ $1341000\backslash )$ and the income tax rate was $\backslash (40\backslash \%\backslash ).$ Diluted earnings per share for $2023$ is $\backslash$$$0\mathrm{.}90.\backslash$$$1\mathrm{.}11.\backslash$$$2\mathrm{.}25.\backslash$$$1\mathrm{.}50.$