Stanford Corporation began the year with 150,000 shares of common stock outstanding. On March 1, an additional 10,000 shares of common stock were issued. On August 1, another 16,000 shares of common stock were issued. On November 1, 12,000 shares of common stock were acquired as Treasury Stock. Stanford Corporation's net income for the calendar year is \(\$ 489,000\).

Required 

Calculate the company's earnings per share.