Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Assets Current assets \begin{tabular}{|c|c|c|} \hline Cash & $377,000 & $417,400 \\ \hline Accounts receivable, net & 1,048,000 & 776,450 \\ \hline Inventory & 729,000 & 681,100 \\ \hline Other current assets & 381,300 & 247,100 \\ \hline Total current assets & 2,535,300 & 2,122,050 \\ \hline Property, plant, \& equipment, net & 8,706,535 & 8,440,045 \\ \hline Total assets & $11,241,835 & $10,562,095 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Stockholders' Equity } \\ \hline Current liabilities & $3,181,000 & $2,846,100 \\ \hline Long-term debt & 3,702,700 & 3,892,650 \\ \hline Total liabilities & 6,883,700 & 6,738,750 \\ \hline Preferred stock, $5 par value & 59,000 & 59,000 \\ \hline Common stock, $0.25 par value & 104,650 & 103,900 \\ \hline Retained earnings & 4,194,485 & 3,660,445 \\ \hline Total stockholders' equity & 4,358,135 & 3,823,345 \\ \hline Total liabilities and stockholders' equity & $11,241,835 & $10,562,095 \\ \hline \end{tabular} Crane Medical Comparative Income Statement and Statement of Retained Earnings For the Year (a) Calculate the earnings per share (average of 418,000 shares outstanding for the year) for 2020 . (Round answer to 2 decimal places, e.g. 2.55.) Earning per share $ per share eTextbook and Media Save for Later Attempts: 0 of 3 used Submit