i 9:16 ok. 1 inces Required information [The following information applies to the questions displayed below.] The financial statements for Highland Corporation included the following selected information: Common stock Retained earnings Net income Shares issued Shares outstanding Dividends declared and paid $ 960,000 $850,000 $ 1,120,000 96,000 78,000 $780,000 The common stock was sold at a price of $35 per share. 4. Compute earnings per share. Assume the weighted average shares outstanding is equal to the shares outstanding. Note: Round your answer to 2 decimal places. Earnings per share