skysong corporation reported net income of $256,960 in 2020 and had 47,400 shares of commonstock outstanding all year were 5500 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. Skysong's tax rate is 50%.  Compute Skysong's 2020 diluted earnings per share.

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