On December 31, 2020, Dow Steel Corporation had 660,000 shares of common stocks and 36,000 shares of 10% noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 5% common stock dividend on May 15 and paid a cash dividend of $ 460,000 and $ 75.000 to common and preferred shareholders, respectively on December 15, 2021. On February 28, 2021, Dow sold 56,000 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 $2,400,000. The income tax rate is 25%

Required,

Compute Dow's earnings per share for the year ended December 31, 2021