Concord presented the following data. Net income $ 5,603,000 Bonds: 10%, $ 687,000 par value 676,100 Preferred stock: 96,000 shares outstanding, $100 par, 8% cumulative, not convertible 9,600,000 Common stock: Shares outstanding 1/1 530,000 Issued for cash, 4/1 879,000 Issued 40% stock dividend, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share $