Calculate Earnings per share of common stock under the following financing plan, assuming the income before bond interest and income tax is $6,000,000.

10% bonds	$20,000,000
Preferred Stock, 5%, $50 par	10,000,000
Common Stock, $25 par	10,000,000
The tax rate is 40%.
Earnings before interest and taxes Interest on bonds Earnings before taxes Taxes Net income Preferred dividends Available for dividends on common divide by # of common shares Earnings per share