Help Sub Save & Exit Seved hapter 19 (with convertible bonds from Check my wor 13 Problem 19-11 (Algo) EPS; nonconvertible preferred stock; treasury shares; shares sold; stock dividend [LO19-4, 19-5, 19-6, 19-7] 10 points eBook File On December 31, 2020. Dow Steel Corporation had 670,000 shares of common stock and 37,000 shares of 7%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $470,000 and $76,000 to common and preferred shareholders, respectively, on December 15, 2021 On February 28, 2021, Dow sold 51.000 common shares. In keeping with its long-term share repurchase plan, 4,000 shares were retired on July 1 Dow's net income for the year ended December 31, 2021, was $2,450,000. The income tax rate is 25% Required: Compute Dow's earnings per share for the year ended December 31, 2021. (Do not round intermediate calculations. Enter your answers in thousands. Round "Earnings per share" answer to 2 decimal places.) Print References 2 Denominator Earnings per sharo Numerator 2,374