At December 31, 2020, Marigold Company had 570,000 shares of common stock issued and outstanding, 380,000 of which had been issued and outstanding throughout the year and 190,000 of which were issued on October 1, 2020. Net income for 2020 was $1,980,000, and dividends declared on preferred stock were $380,000. Compute Marigolds earnings per common share. (Round answer to 2 decimal places, e.g. 52.75.)

Earnings per share

$