Given below are comparative statements of financial position (balance sheets) and an income statement for Claret Corporation.

Claret Corporation
Balance Sheets
Year 2
	December 31	January 1
Cash	$ 15,700	$ 15,700
Accounts receivable	46,930	37,900
Inventory	32,600	36,500
Equipment (net)	57,300	66,400
Total	$ 152,530	$ 156,500
Accounts payable	26,100	28,700
Dividends payable	7,900	4,000
Long-term note payable	14,400	14,400
Capital stock, $5 par	72,900	72,900
Retained earnings	31,230	36,500
Total	$ 152,530	$ 156,500

Claret Corporation
Income Statement
For the year ended Year 2
Sales	$ 228,900
Cost of goods sold	137,550
Gross profit on sales	$ 91,350
Operating expenses	75,878
Operating income	$ 15,472
Interest expense and income taxes	9,150
Net income	$ 6,322

All sales were made on account. Cash dividends declared during the year totaled $11,592.

Claret Corporation's earnings per share for Year 2, rounded to the nearest cent, is: