$($b$)$

Your answer is incorrect.

Assume that Crane Corp. earned net inc$$me of $$3,308,000$ during $2026.$ In addition, it had $101,000$ shares of $8\%,$$$100$ par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in $2026.$ Compute earnings per share for $2026,$ using the weighted$-$average number of shares determined in part $($a$).($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Earnings per share $