A portion of the combined statement of income and retained earnings of Oriole Ltd. for the current year ended December 31, 2017 follows:

Income before discontinued operations$30,221,000Loss from discontinued operations, net of applicable income tax (Note 1)1,757,000Net income28,464,000Retained earnings at beginning of year93,240,000121,704,000Dividends declared:On preferred shares, $4 per share$325,600On common shares, $1.2 per share13,380,00013,705,600Retained earnings at end of year$107,998,400

Note 1.During the year, Oriole Inc. suffered a loss from discontinued operations of $1,757,000 after the applicable income tax reduction of $439,250.

At the end of 2017, Oriole Inc. has outstanding 11.15 million common shares and 81,400 shares of preferred.

On April 1, 2017, Oriole Inc. issued 1.35 million common shares for $34 per share to help finance the loss.

Calculate the earnings per share on common shares for the current year as it should be reported to shareholders.