Blossom Inc. presented the following data:

Net income		$5,500,000
Preferred shares: 48,000 shares outstanding, $100 par, 7% cumulative, not convertible		$4,800,000
Common shares: Shares outstanding, Jan. 1, 2020		639,000
Issued for cash, May 1, 2020		99,000
Acquired treasury shares for cash, Sept. 1, 2020 (shares cancelled)		138,000
2for1 stock split, Oct. 1, 2020

As of January 1, 2020, there were no dividends in arrears. On December 31, 2020, Blossom declared and paid the preferred dividend for 2020.

1) Calculate earnings per share for the year ended December 31, 2020

2) Assume that Blossom did not declare or pay a preferred dividend in 2020. Calculate earnings per share for the year ended December 31, 2020

3) Assume that as at January 1, 2020, Blossom had two years of dividends in arrears, and that on December 31, 2020, Blossom declared and paid the dividends in arrears and the preferred dividend for 2020. Calculate earnings per share for the year ended December 31, 2020.

4) Assume that the preferred shares are non-cumulative, and that the preferred dividend was paid in 2020. Calculate earnings per share for the year ended December 31, 2020.

5) Assume that the preferred shares are non-cumulative, and that Blossom did not declare or pay a preferred dividend in 2020. Calculate earnings per share for the year ended December 31, 2020.