Lynn corp. reported $609,053 of net income in the current year. Their year-end is December 31. The corporation had 20,000 of $7, cumulative preferred shares outstanding throughout the year, and the dividend was paid.

Jan 1	30,000 common shares were outstanding.
Sep 1	Reliable Corporation purchased and retired 2,000 of their common shares.
Nov 30	The board of directors declared a 5% share dividend for common shares.

REQUIRED: Calculate earnings per share on common shares for the current year. Show your calculations