A company reports the following:

Net income $$948,000$

Preferred dividends $$54,000$

Shares of common stock outstanding $60,000$

Market price per share of common stock $$201\mathrm{.}15$

a$.$ Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer of requirement a for subsequent requirement, if required.

$fill in the blank $1$

b$.$ Determine the company's price$-$earnings ratio. Round to one decimal place.

fill in the blank $2$