On December 31, 2020, Dow Steel Corporation had 650,000 shares of common stock and 35,000 shares of 9%, noncumulatlve, noncorvertible preferred stock Issued and outstanding. Dow 15s ued a 5% common stock dlvidend on May 15 and paid cash dividends of $450,000 and $74,000 to common and preferred shareholders, respectlvely, on December 15,2021. On February 28, 2021, Dow sold 64,000 common shares. In keeping with its long-term share repurchase plan, 7,000 shares were retlred on July 1. Dow's net Income for the year ended December 31,2021 , was $2,350,000. The income tax rate 15 25%. Requlred: 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.)