Brief Exercise 17-3 Sunland Corporation had 2017 net income of $1.6 million. During 2017, Sunland has not declared or paid any dividend on 93,000 non-cumulative preferred shares. Sunland also had 160,000 common shares outstanding during the year. Calculate Sunland's 2017 earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per share $