Caceis Corporation reported $609,053 of net income in the current year. Their year- end is December 31. The corporation had 20,000 of $7, cumulative preferred shares outstanding throughout the year, and the dividend was paid. Jan 130,000 common shares were outstanding. Sep 1 Reliable Corporation purchased and retired 2,000 of their common shares. Nov 30 The board of directors declared a 5% share dividend for common shares. REQUIRED: Calculate earnings per share on common shares for the current year. Show your calculations (Round your answer to the nearest penny.)