Garner Group had 800 common shares and 600 $5 par, 8% preferred shares outstanding at January 1. During the year Garner had the following transactions:

March 1 Garner purchased 54 shares of treasury stock.

June 30 Garner issued 50 shares of new common stock.

October 31 Garner reissued (sold) 36 shares of treasury stock.

December 31 Garners net income for the year was $2,000. Calculate Garners earnings per share for the year.