Ivanhoe Corporation had 2020 net income of $1,860,000. During 2020, Ivanhoe has not declared or paid any dividend on 96,000 non- cumulative preferred shares. Ivanhoe also had 300,000 common shares outstanding during the year. Calculate Ivanhoe's 2020 earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per share %24