Information concerning the capital structure of the Petrock Corporation is as follows:



December 31,
20X0 20X1
Common stock 90,000 shares 90,000 shares
Convertible preferred stock 10,000 shares 10,000 shares
8%, $1,000 par, convertible bonds $ 1,000,000 $ 1,000,000


During 20X1, Petrock paid dividends of $1 per share on its common stock and $2.40 per share on its preferred stock. The preferred stock is convertible into 20,000 shares of common stock. The 8% convertible bonds are convertible into 30,000 shares of common stock. The net income for the year ending December 31, 20X1, was $285,000, and the company’s income tax rate was 21%.



Required:
What was diluted EPS for 20X1?
(For all requirements, round your answers for "Earnings per share" to 2 decimal places.)