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Last year, $xYZ$ Inc. reported net income of $$220,000$ and had $56,000$ shares of common stock and $1,000$ share of convertible preferred stock outstanding for the entire year. Each preferred share is $$100$ par value, pays $5\%$ dividend, and is convertible to $25$ shares of common stock. XYZ Inc. also had $200$ convertible bonds oustanding for the entire year. Each convertible bond is $$1000$ par value, pays $3\%$ interest and is convertible to $100$ shares of common stock. The tax rate is $30\%.$ What is the diluted earning per share?

a$.1\mathrm{.}96$

b$.2\mathrm{.}02$

C$.2\mathrm{.}15$

d$.2\mathrm{.}22$

e$.2\mathrm{.}36$

f$.$ None of these answers.