Current Attempt in Progress

At December $31,2024,$ Pharoah Company had $2080000$ shares of common stock outstanding. On January $1,2025,$ Pharoah issued

$507000$ shares of preferred stock which were convertible into $990000$ shares of its common stock. In $2025,$ Pharoah declared and

paid $$1160000$ cash dividends on the common stock and $$399000$ cash dividends on the preferred stock. Net income for the year

ended December $31,2025,$ was $$5065500.$ Assuming an income tax rate of $30\%,$ what was diluted earnings per share for the year

ended December $31,2025?$