1. A Corporation provides the following information.

	March 31, 2016	March 31, 2017
Net Income	$350,000	$435,500
Preferred Dividends	0	0
Total Stockholders' Equity	$4,250,000	$5,262,000
Stockholders' Equity attributable to Preferred Stock	0	0
Number of Common Shares Outstanding	277,464	201,168

Based on the information provided above, compute the earnings per share of the Corporation as of March 31, 2017.