Arianna Accountant, CFO for P³ believes there is an error in the 2018 calculation of the P³ earnings per share. The reported EPS was $0.89. Based on the following information, determine if the reported 2018 EPS was correct and if not, what the correct amount should have been

January 1	8,000,000 shares common stock outstanding
March 1	500,000 treasury stock shares purchased
July 1	20% stock dividend
September 1	400,000 shares common stock issued
December 1	300,000 treasury shares reissued
Jan. 1 Dec. 31	Preferred stock, $100 par, 10%, 1,000,000 shares authorized, 200,000 issued and outstanding
Net Income 12/31/18	$14,568,000