Allen Lumber Company had earnings after taxes of $620,000 in the year 2020 with 450,000 shares outstanding on December 31, 2020. On January 1, 2021, the firm issued 36,000 new shares. The company took the proceeds from these new shares as well as other operating improvements and earned $806,000 earnings after taxes in 2021. Earnings per share for the year 2021 were Note: Round your answer to 2 decimal places