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.

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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