Earnings per Share Disclosure

Extreme Company reported the following information about its stock on its December 31, 2016, balance sheet:

Preferred stock, $2 par value, 5% cumulative, 300,000 shares authorized, 120,000 shares issued and outstanding	$240,000
Common stock, $1 par value, 500,000 shares authorized, 240,000 shares issued and outstanding	240,000

The following amounts were taken from Extremes income statement:

Income from continuing operations before income taxes		$680,000
Income tax expense		(204,000)
Income from continuing operations		$476,000
Loss from discontinued operations, net of $13,000 tax benefit		(36,000)
Extraordinary gain, net of $25,000 tax		80,000
Net income		$520,000

The only stock issued during 2016 was 80,000 shares of common stock issued on June 30, 2016. No dividends were declared during 2016.

Required:

Calculate all earnings per share amounts for 2016. If required, round your answer to two decimals.