On December $31,2023,$ Dow Steel Corporation had $800,000$ shares of common stock and $50,000$ shares of $8\%,$ noncumulative, nonconvertible preferred stock issued and outstanding.

Dow issued a $4\%$ common stock dividend on May $15$ and paid cash dividends of $$600,000$ and $$89,000$ to common and preferred shareholders, respectively, on December $15,2024.$

On February $28,2024,$ Dow sold $75,000$ common shares.

In keeping with its long$-$term share repurchase plan, $4,000$ shares were retired on July $1.$

Dow's net income for the year ended December $31,2024,$ was $$3,100,000.$ The income tax rate is $25\%.$

Required:

Compute Dow's earnings per share for the year ended December $31,2024.$Numerator $-$: Denominator $=$ Earnings per share