Hardaway Fixtures balance sheet at December 31, 2017, included the following:

Shares issued and outstanding: Common stock, $1 par $800,000 Nonconvertible preferred stock, $50 par 20,000

On July 21, 2018, Hardaway issued a 25% stock dividend on its common stock. On December 12, it paid $50,000 cash dividends on the preferred stock. Net income for the year ended December 31, 2018, was $2,000,000. Required: Compute Hardaways earnings per share for the year ended December 31, 2018.