At December $31,2024,$ ?Cullumber Company had $2100000$ ?shares of common stock outstanding. On January $1,2025,$ ?Cullumber issued $503000$ ?shares of preferred stock which were convertible into $920000$ ?shares of its common stock. In $2025,$ ?Cullumber declared and paid $$1190000$ ?cash dividends on the common stock and $$394000$ ?cash dividends on the preferred stock. Net income for the year ended December $31,2025,$ ?was $$5043400.$ ?Assuming an income tax rate of $30\%,$ ?what was diluted earnings per share for the year ended December $31,2025?$

$$1\mathrm{.}50$

$$2\mathrm{.}40$

$$1\mathrm{.}96$

$$1\mathrm{.}67$