Karina Company had 500,000 ordinary shares issued and outstanding at December 31, 2012. During 2013, no additional share was issued. On January 1, 2013 Karina issued 400,000 preference shares. During 2013, Karina declared and paid P180,000 cash dividends on the ordinary shares and P150,000 on the preference shares. Net income for the year ended December 31, 2013 was P960,000. What should be the 2013 earnings per ordinary share of Karina Company