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Brief Exercise 19-13 (Algo) EPS; nonconvertible preferred shares (L019-7) At December 31, 2020 and 2021. Funk & Noble Corporation had outstanding 1,280 million shares of

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Brief Exercise 19-13 (Algo) EPS; nonconvertible preferred shares (L019-7) At December 31, 2020 and 2021. Funk & Noble Corporation had outstanding 1,280 million shares of common stock and 20 million shares of 8%, $100 per value cumulative preferred stock. No dividends were declared on ether the preferred or common stock in 2020 or 2021. Net Income for 2021 was $3,104 milion. The income tax rate is 25%. Calculate earnings per share for the year ended December 31, 2021. (Round your answer to 2 decimal places.) Earning para

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