\fCrane Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2020 2019 Sales revenue (all on account) $10,177,250 $9,613,950 Cost of goods sold 5,612,450 5,298,750 Gross profit 4,564,800 4,315,200 Operating expenses 2,840,200 2,634,100 Net operating income 1,724,600 1,681,100 Interest expense 300.350 308.650 Net income before taxes 1,424,250 1,372,450 Income taxes (30%) 427,275 411,735 Net income $996,975 $960,715 Dividends paid Preferred dividends 29,450 29.450 Common dividends 433,450 413.100 Total dividends paid 462,900 442.550 Net income retained 534,075 518,165 Retained earnings, beginning of year 3,660.515 3,142.350 Retained earnings, end of year $4,194,590 $3,660,515 (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