Cullumber presented the following data:

Net income

$$5,808,000$

$745,700$

Bonds: $10\%,$$$758,000$ par value

$745,700$

Preferred stock: $100,000$ shares outstanding, $$100$ par, $8\%$ cumulative, not convertible

$10,000,000$

Common stock: Shares outstanding $1/1$

$500,000$

Issued for cash, $\frac{4}{1}$

$800,000$

Issued $40\%$ stock dividend, $10/1$

The Common Stock has a $$1$ par value. Compute earnings per share. $($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Earnings per share $