Current Attempt in Progress At January 1, 2020, Shamrock Company's outstanding shares included the following 268,000 shares of $50 par value, 7% cumulative preferred stock 820,000 shares of $1 par value common stock w Net Income for 2020 was $2,579,000. No cash dividends were declared or paid during 2020. On February 15, 2021 however, all preferred dividends in arrears were paid together with a 5% stock dividend on common shares. There were no dividends in arrears prior to 2020 On April 1, 2020,471.000 shares of common stock were sold for $10 per share, and on October 1, 2020, 99,000 shares of common stock were purchased for $20 per share and held as treasury stock Compute earnings per share for 2020. Assume that financial statements for 2020 were issued in March 2021. (Round answer to 2 decimal places, es $2.55) Earnings per share $ e Textbook and Media Save for Later Attempts: 0 of 7 used Submit