Crane Corporation has outstanding at December 31, 2020, 47,000 shares of $19 par value, cumulative, 8% preferred stock and 202,000 shares of $6 par value common stock. All shares were outstanding the entire year. During 2020, Crane earned total revenues of $2,010,000 and incurred total expenses (except income taxes) of $1,180,000. Cranes income tax rate is 31%.

Calculate Cranes 2020 net income.

Net Income

$

Caculate Cranes 2020 preferred dividends. (Round answer to 0 decimal places, e.g. 5,275.)

Preferred dividends

$

Compute Cranes 2020 earnings per share. (Round answer to 2 decimal places, e.g. 2.25.) Earnings per share