Indigo Inc. presented the following data.

Net income		$2,410,000
Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible		5,200,000
Common stock: Shares outstanding 1/1		729,600
Issued for cash, 5/1		296,400
Acquired treasury stock for cash, 8/1		152,400
2-for-1 stock split, 10/1

Indigo Inc. presented the following data. Net income $2,410,000 Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 5,200,000 729,600 296,400 152,400 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $