Question 21 (5 points) 4 Listen Ames Co. had net income of $507,000 for 2021 with an income tax rate of 25%. Other information for Ames for 2021 includes the following: There were 100,000 shares of common stock outstanding throughout 2021. There were 12,000 shares of preferred stock outstanding throughout 2021. The preferred stock is convertible into 32,000 shares of common stock. Ames paid dividends of $5 per share on the preferred stock during 2021. There was $1,000,000 of 8% convertible bonds throughout 2021. The bonds are convertible into 30,000 shares of common stock Ames' diluted earnings per share for 2021 was: $3.86 $3.50 $3.27 MacBook Air $ 4 % 5