Current Attempt in Progress Your answer is incorrect. On January 1, 2022, Waterway Corporation purchased 6,400 shares of treasury stock. Other information regarding Waterway Corporation is provided as follows. 2021 2022 Net income $128,000 $140,800 Dividends on preferred stock $38,400 $38,400 Dividends on common stock $25,600 $32,000 Weighted-average number of common shares outstanding 62,000 55,600 Common stockholders' equity beginning of year $768,000 $960,000 Common stockholders' equity end of year $960,000 $1,062,400 (a) Compute earnings per share for each year. (Round answer to 2 decimal places, e.g. 10.50.) Earnings per share 2021 10.37 2022 10.13