Red
cab Company had 50,000 shares of common stock outstanding on
January 1, 2021. On April 1, 2021, The company issued 20,000 shares
of common stock. The company had outstanding fully vested stock
options for 5,000 shares exercisable at $10 that had not been
exercised by its executives. The end-of-year market price of common
stock was $13 while the average price for the year was $12. They
reported net income in the amount of $269,915 for 2021. what is the
diluted earnings per share (rounded)?