At December 31, 2017, Sheffield Company had 630,000 shares of common stock issued and outstanding, 420,000 of which had been issued and outstanding throughout the year and 210,000 of which were issued on October 1, 2017. Net income for 2017 was $1,900,000, and dividends declared on preferred stock were $410,000. Compute Sheffields earnings per common share. (Round answer to 2 decimal places, e.g. 52.75.)

Earnings per shar