Domanico Co., which produces and sells biking equipment, is financed as follows:

Bonds Payable, 8% (issued at face amount) 10,000,000

Preferred 5% stock , $10 par 10,000,000

Common stock, $20 par 10,000,000

Income tax is estimated at 40% of income.

Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is (a) $10,500,000, (b) $11,800,000, and (c) $13,000,000.