At January $1,2025,$ Splish Company's outstanding shares included the following.

$276,000$ shares of $$50$ par value, $7\%$ cumulative preferred stock

$825,000$ shares of $$1$ par value common stock

Net income for $2025$ was $$2,479,000.$ No cash dividends were declared or paid during $2025.$ On February $15,2026,$ however, all preferred dividends in arrears were paid, together with a $5\%$ stock dividend on common shares. There were no dividends in arrears prior to $2025.$

On April $1,2025,481,000$ shares of common stock were sold for $$10$ per share, and on October $1,2025,113,000$ shares of common stock were purchased for $$21$ per share and held as treasury stock.

Compute earnings per share for $2025.$ Assume that financial statements for $2025$ were issued in March $2026.($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Earnings per share