BE 19-13 EPS; nonconvertible preferred shares LO19-7 At December 31, 2020 and 2021, Funk & Noble Corporation had outstanding 820 million shares of common stock and 2 million shares of 8%, $100 par value cumulative preferred stock. No dividends were declared on either the preferred or common stock in 2020 or 2021. Net income for 2021 was $426 million. The income tax rate is 25%. Calculate earnings per share for the year ended December 31, 2021