Aman Corporation has a year-end of December 31. Some of their financial information follows. Net income for the current year Preferred shares outstanding at beginning of year Annual non-cumulative dividend on preferred shares Common shares outstanding at beginning of year $ 602,000 18,000 $ 6.70 49,000 The following changes in common shares outstanding occurred during the current year: Sept. 1 Aman Corporation purchased and retired some of their common shares. # of shares purchased 2,400 Nov. 30 The board of directors declared a 5% share dividend for common shares. REQUIRED: Calculate earnings per share on common shares for the current year. (Round your answer to two decimal places.)