Flounder presented the following data.

Net income

$$5,577,000$

Bonds: $10\%,$$$755,000$ par value

$742,400$

Preferred stock: $108,000$ shares outstandjng, $$100$ par, $8\%$ cumulative, not convertible

$10,800,000$

Common stock: Shares outstanding $\frac{1}{1}$

$499,000$

Issued for cash, $4/1$

$839,000$

Issued $40\%$ stock dividend, $\frac{10}{1}$

Compute earnings per share. $($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Earnings per share

$