FINANCIAL ACCOUNTING II The following data are from Martin Corporation's financial statements for the year ended December 31, 2016: Convertible Preferred Stock, S5 par, 6% dividend 100,000 shares authorized 40,000 shares issued and outstanding Common stock - $2 par 200,000 shares authorized 30,000 shares issued 20,000 share outstanding (the treasury stock was reacquired 5 years ago - no other stock transactions have occurred) Net income - $132,000 There are also stock warrants convertible inte 513 hares of common stock, and the preferred stock, which has been outstanding for all of 2016, is convertible into 7,000 shares of common stock. If the preferred stock were to be converted, however, preferred shareholders would have to pay Martin Corporation $42,000 in cash. The market value of the common stock has remained unchanged for the entire year, and $42,000 would acquire 1,113 shares of stock at average market value. Given the information above, what earnings per share would Martin Corporation report for 2016