ABC Corporation had net income for 2024 of $46,200. ABC had 11,500 shares of common stock outstanding at the beginning of the year and 15,000 shares of common stock outstanding as of December 31,2024 . During the year, ABC declared and paid preferred dividends of $14,400. Compute ABC 's earnings per share. Select the formula, then enter the amounts to calculate ABC Corporation's earnings per share as of December 31 , 2024. (Abbreviations used: Ave. = average, OS = outstanding, SE= stockholders' equity, shrs = shares. Round earnings per share to the nearest cent.)