At January 1. 2020, Nash Compary's outstanding shares included the following: 266,000 shares of $50 par value, 7% cumulative preferred stock 829.000 shares of $1 par value common stock Net income for 2020 was $2,537,000. No cash dividends were dectared or paid during 2020 On February 15, 2021, however, all preferred dividends in arrears were paid, together with a 5% stock dividend on common shaves. There were no dlwidents in arrears prior to 2020. On April 1, 2020,454,000 shares of common stock were sold for $10 per share and on October 1, 2020. 106,000 stares of common stock were purchased for 520 per share and held as treasary stock, Computeearnings per share for 2020 . Assume that futancialstatements for 2020 were itsued in March 2021. (Pound answer to 2 decimal places, es. $2.55. Earningspershare $