Question: please answer asap for a good rating During 2024. Angel Corporation had 950,000 shares of common stock and 100,000 shares of 6% preferred stock outstanding.

please answer asap for a good rating

During 2024. Angel Corporation had 950,000 shares of common stock and 100,000 shares of 6% preferred stock outstanding. The preferred stock does not have cumulative or convertible features. Angel declared and paid cash dividends of $370,000 and $185,000 to fommon and preferred shareholders, respectively, during 2024. On January 1,2023 , Angel issued $2,070,000 of convertible 7% bonds at face value. Each $1,000 bond is convertible into five common shares. Angel's net income for the year ended December 31,2024 , was $6.00 million. The income tax rate is 25%. What will Angel report as diluted earnings per share for 2024 , rounded to the nearest cent? Multiple Choice $56.36 $6.25 None of these answer choices are correct

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