On December 31, 2020, Dow Steel Corporation had 600,000 shares of common stock and 300,000 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 $400,000 and $75,000 to common and preferred shareholders, respectively, on December 15, 2021. On February 28, 2021, Dow sold 60,000 common shares. In keeping with its long-term share repurchase plan. 2,000 shares were retired on July 1 Dow's net income for the year ended December 31, 2021, was $2.100.000. The income tax rate is 25% Required: Compute Dow's earnings per share for the year ended December 31, 2021 (Do not round intermediate calculations. Enter your answers in thousands. Round "Earnings per share" answer to 2 decimal places.) Answer is complete but not entirely correct. Denominator Earnings per share 875.000 3.00 Numerator 52.000