Bramble Inc. presented the following data.

Net income		$2,670,000
Preferred stock: 54,000 shares outstanding, $100 par, 8% cumulative, not convertible		5,400,000
Common stock: Shares outstanding 1/1		712,800
Issued for cash, 5/1		272,400
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.)

Exercise 16-18 Bramble Inc. presented the following data. $2,670,000 Net income Preferred stock: 54,000 shares outstanding, $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 5,400,000 712,800 272,400 148,800 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per shares