Brief Exercise 14-09 Bonita Corporation reports net income of $253,750 and a weighted average of 175,000 shares of common stock outstanding for the year. Assume that Bonita has cumulative preferred stock dividends for the current year of $17,500 that were declared and paid. Compute the earnings per share of common stock. (Round answer to 2 decimal places, e.g. 2.25.) Earnings per share Click if you would like to Show Work for this question: Open Show Work