Monty Inc. presented the following data.

Net income		$2,490,000
Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible		5,200,000
Common stock: Shares outstanding 1/1		703,200
Issued for cash, 5/1		320,400
Acquired treasury stock for cash, 8/1		139,200
2-for-1 stock split, 10/1

Compute earnings per share. (The answer isnt $2.68)