A portion of the combined statement of income and retained earnings of Carla Vista Inc. for the current year follows. Note 1. During the year, Carla Vista Inc. suffered a major loss from discontinued operations of $1,348,000 after applicable income tax reduction of $1,220,000. At the end of the current year, Carla Vista Inc. has outstanding 8,670,000 shares of $10 par common stock and 50,000 shares of 6% preferred. On April 1 of the current year, Carla Vista Inc. issued 980,000 shares of common stock for $32 per share to help finance the loss from discontinued operations. Compute the earnings per share on common stock for the current year as it should be reported to stockholders. (Round onswer to 2 decimal ploces, e.s. 2.55.J Compute the earnings per share on common stock for the current year as it should be reported to stockholders. (Round onswer to 2 decimal ploces, es. 2.55.)