Ivanhoe Inc. presented the following data. Net income Preferred stock 53.000 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 $2,540,000 5,300,000 686,400 308,400 160,800 Compute earnings per share. (Round answer to 2 decimal places, eg. $2.55.) Earnings per share $