Hardaway Fixtures' balance sheet at December 31, 2020, included the following:

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

On July 21, 2021, 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, 2021, was $2,000,000. Required:

Compute Hardaway's earnings per share for the year ended December 31, 2021.