Bee Inc. presented the following data.

Net income

$2,510,000

Preferred stock: 46,000 shares outstanding, $100 par, 8% cumulative, not convertible

4,600,000

Common stock: Shares outstanding 1/1

738,000

Issued for cash, 5/1

279,600

Acquired treasury stock for cash, 8/1

148,800

2-for-1 stock split, 10/1

Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share$