A corporation reported net sales of $$360,000,$ net income of $$20,000,$ average stockholders' equity of $$1,000,000,$ and average common shares outstanding of $10,000.$ It paid $$4,000$ of dividends to preferred stockholders. How much was its eamings per share?

$$4\mathrm{.}00$

$$1\mathrm{.}60$

$$16\mathrm{.}67$

$$2\mathrm{.}67$

$$0\mathrm{.}06$