Brief Exercise 14-09 Vaughn Corporation reports net income of $321,750 and a weighted-average of 195,000 shares dividends for the current year of $19,500 that were declared and paid of common stock outstanding for the year. Assume that Vaughn has cumulative preferred stock Compute the eamings per s arnings per share share of common stock (Round answer to 2 decimal places, e.g. 2.25.)