1. Microsoft Corporation has outstanding at December 31, 2022, 60,000 shares of $10 par value, cumulative 5% preferred stock and 250,000 shares of $5 par value common stock. All shares were outstanding the entire year. During 2022, Microsoft earned total revenues of $4,000,000 and incurred total expenses (except income taxes) of $2,700,000. Microsofts income tax rate is 20%.

Compute Microsofts 2022 earnings per share.