On December Dow Steel Corporation had shares of common stock and shares of noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a common stock dividend on May and paid cash dividends of $ and $ to common and preferred shareholders, respectively, on December On February Dow sold common shares. In keeping with its longterm share repurchase plan, shares were retired on July Dow\'s net income for the year ended December was $ The income tax rate is Required: Compute Dow\'s earnings per share for the year ended December Do not round intermediate calculations. Enter your answers in thousands.