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need assistance The Common Stock account for Baltimore Corporation on January 1,2020 was $75,000. On July 1,2020 Baltimore issued an additional 5,000 shares of common

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The Common Stock account for Baltimore Corporation on January 1,2020 was $75,000. On July 1,2020 Baltimore issued an additional 5,000 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $20,000 on January 1 and $40,000 on July 2 and net income was $130,000. Use this information to determine for December 31, 2020 the amount of Earnings per Share (rounded to the nearest cent)

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