On January $1,2023,$ Culver Corp. had $233,000$ common shares outstanding. On April $1,2023,23,300$ common shares were issued and on September $1,2023,$ Culver bought back $33,300$ treasury shares. The market price of the common shares averaged $\backslash (\backslash$$ $50\backslash )$ during $2023.$ The corporation's income tax rate is $\backslash (40\backslash \%\backslash ).$

During $2023,$ there were $33,300$ call options to buy common shares at $\backslash (\backslash$$ $40\backslash )$ a share outstanding; and there were $\backslash (23,300,\backslash$$ $7\backslash ),$ no par value, cumulative and convertible preferred shares outstanding. Each preferred share is convertible into three common shares.

During $2022,$ the corporation had issued $\backslash$$$1,920,000$ of $\backslash (8\backslash \%\backslash )$ convertible bonds at face value. Each $\backslash (\backslash$$ $1,000\backslash )$ bond is convertible into $20$ common shares.

The corporation reported $\backslash$$$810,000$ net income for calendar $2023.$

Calculate diluted earnings per share for $2023.$ Complete the schedule below. $($Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).$ Round earnings per share to $2$ decimal places, e$.$g$.52\mathrm{.}75.)$ Calculate diluted earnings per share for $2023.$ Complete the schedule below. $($Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).$ Round earnings per share to $2$ decimal places, e$.$g$.52\mathrm{.}75.)$ On January $1,2023,$ Culver Corp. had $233,000$ common shares outstanding. On April $1,2023,23,300$ common shares were issued and on September $1,2023,$ Culver bought back $33,300$ treasury shares. The market price of the common shares averaged $\backslash (\backslash$$ $50\backslash )$ during $2023.$ The corporation's income tax rate is $\backslash (40\backslash \%\backslash ).$

During $2023,$ there were $33,300$ call options to buy common shares at $\backslash (\backslash$$ $40\backslash )$ a share outstanding; and there were $\backslash (23,300,\backslash$$ $7\backslash ),$ no par value, cumulative and convertible preferred shares outstanding. Each preferred share is convertible into three common shares.

During $2022,$ the corporation had issued $\backslash$$$1,920,000$ of $\backslash (8\backslash \%\backslash )$ convertible bonds at face value. Each $\backslash (\backslash$$ $1,000\backslash )$ bond is convertible into $20$ common shares.

The corporation reported $\backslash$$$810,000$ net income for calendar $2023.$

Calculate diluted earnings per share for $2023.$ Complete the schedule below. $($Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).$ Round earnings per share to $2$ decimal places, e$.$g$.52\mathrm{.}75.)\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline & Shares & Adjustment & Adjusted Shares & $\backslash$multicolumn$\{2\}\{|$c$|\}\{$EPS$\}\backslash \backslash$

$\backslash$hline & $233000$ & $6375$ & $229375$ & $\backslash$$ & $2\mathrm{.}09\backslash \backslash$

$\backslash$hline & $239375$ & $69900$ & $309275$ & & $2\mathrm{.}09\backslash \backslash$

$\backslash$hline $000$ & $309275$ & $38400$ & $347675$ & & $2\mathrm{.}09\backslash \backslash$

$\backslash$hline & $347675$ & $30000$ & $377675$ & & $2\mathrm{.}09\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$