Question: My answer is wrong, please help me with the right one. Waterway Corporation had net income for the current year ending December 31,2023 of $1,093,700.

My answer is wrong, please help me with the right one.
My answer is wrong, please help me with the right one. Waterway
Corporation had net income for the current year ending December 31,2023 of

Waterway Corporation had net income for the current year ending December 31,2023 of $1,093,700. Throughout 2023 the following items were outstanding: - 397,000 commonshares - 20,500 Class A \$3 cumulative preferred shares that were convertible to common shares at a rate of 1:1 - 48,500 Class B \$4 non-cumulative preferred shares that were convertible at a rate of 1 common share for every 2 preferred shares. - $465,000,8% bonds that were convertible to 15,000 common shares - $330.000,10% bonds convertible to 11,000 common shares No dividends were declared or paid in 2023. Waterway's tax rate is 25%. Caiculate diluted earnings per share. (Round calculations of EPS to 3 decimal places, eg. 3.545 and provide final answer to 2 decimal places, e.g. 15.25.)

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