The company has 20000 shares of common stock outstanding during all of 2006. It also has two convertible securities at the end of 2006. They are:
1)
Convertible preferred stock: 2000 shares of 9.5%, $50.00 par, preferred stock were issued on January 2, 2006 for $60.00 per share. Each share of preferred stock is convertible into 3 shares of common stock. Current dividends have been declared. To date, no preferred stock has been converted.
2)
Convertible bonds: Bonds with a face value of $200000.00 and an interest rate of 5.7% were issued at par in 2005. Each $1000.00 bond is convertible into 22 shares of common stock. To date, no bonds have been converted.

The company earned net income of $61500.00 during 2006 with a tax rate of 30%.

Compute the diluted earnings per share. What share amount would the company report on its 2006 income statement?