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Howon due day on December 31, 2020. Dow Steel Corporation had 770,000 shares of common stock and 47.000 shares of 9%, noncumulative, nonconvertible preferred stock

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Howon due day on December 31, 2020. Dow Steel Corporation had 770,000 shares of common stock and 47.000 shares of 9%, noncumulative, nonconvertible preferred stock issued and outstanding Dow issued 85% common stock dividend on May 15 and paid cash dividends or $570.000 and $86.000 to common and preferred shareholders, nespecuvely, on December 15, 2021 On February 28, 2021, Dow solu 68,000 common shares in keeping with its long-term share repurchase plan, 4,000 shares were retired on July Dow's net income for the year ended December 31, 2021, was $2.950,000. The income tax rate is 25% Required: Comoute Dow's earnings per share for the year ended December 31, 2021 (Do not round Intermediate calculations. Enter your howers in thousands. Round "Earnings per share" answer to 2 decimal places.) Eatings 40.000 80,000 3:51

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