Question: At December 3 1 , 2 0 2 4 , Blossam Co . had 1 2 8 0 0 0 0 shares of common stock

At December 31,2024, Blossam Co. had 1280000 shares of common stock outstanding. In addition, Blossom had 443000 shares of preferred stock which were convertible into 746000 shares of common stock. During 2025, Blossom paid $1140000 cash dividends on the common stock and $790000 cash dividends on the preferred stock. Net income for 2025 was $6766840 and the company's income tax rate was 20%. Diluted earnings per share for 2025 was
$5.29.
$3.34.
$5.00.
$2.39.
At December 3 1 , 2 0 2 4 , Blossam Co . had 1 2

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