eBook Video Cornerstone Exercise 12-55 Profitability Ratios The following data came from the financial statements of St. James Corp. for 2013 and 2012. 2013 2012 Net income Cash dividends paid on preferred stock Cash dividends paid on common stock Weighted average number of preferred shares outstanding Weighted average number of common shares outstanding $150,000 $15,000 $42,000 20,000 105,000 $120,000 $15,000 $38,000 20,000 95,000 Required: Calculate St. James' earnings per share as it would be reported on the 2013 income statement. Round your answer to the nearest cer