Flounder Inc. presented the following data. Net income $2,340,000 Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,200,000 Common stock: Shares outstanding 1/1 816,000 Issued for cash, 5/1 322,800 Acquired treasury stock for cash, 8/1 136,800 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $