JAX Corporation had net income for 2018 of $70,500. JAX had 6, 100 shares of common stock outstanding at the beginning of the year and 28,500 shares of common stock outstanding as of December 31, 2018. During the year, JAX declared and paid preferred dividends of $11,680. Compute JAX's earnings per share. Select the formula, then enter the amounts to calculate JAX Corporation's earnings per share as of December 31, 2018. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares. Round earnings per share to the nearest cent.) Earnings per share