View Policies Current Attempt in Progress At December 31, 2020, Coronado Industries had 801000 shares of common stock outstanding. On October 1, 2021, an additional 154000 shares of common stock were issued. In addition, Coronado had $10300000 of 5% convertible bonds outstanding at December 31, 2020, which are convertible into 366000 shares of common stock. No bonds were converted into common stock in 2021. The net income for the year ended December 31, 2021, was $2520000. Assuming the income tax rate was 35%, the diluted earnings per share for the year ended December 31, 2021, should be (rounded to the nearest penny) $2.37. O $3.40. $2.09. O $2.52. Save for Later Attempts: 0 of 1 used Submit