Brief Exercise 14-09 Bonita Corporation reports net income of $504,000 and a weighted-average of 240,000 shares of common stock outstanding for the year. Assume that Bonita has cumulative preferred stock dividends for the current year of $24,000 that were declared and pald. Compute the earnings per share of common stock. (Round answer to 2 decimal places, e.g. 2.25.) Earnings per share