Katrina Corp. is a publicly traded company on a large stock exchange. Katrina's financial statement for 2019 and 2018 included the following data:

Required:
Calculate Katrina's earnings per share as it would be reported on the 2019 income statement?

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2019 2018 Net income Cash dividends paid on preferred stock Cash dividends paid on common stock $140,000 $115,000 38,000 34,000 2019 2018 Weighted average number of preferred shares outstanding Weighted average number of common shares outstanding 18,000 18,000 97,000