On December 31, 2023. Dow Steel Corporation had 720,000 shares of common stock and 42,000 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 $520,000 and $81,000 to common and preferred shareholders, respectively, on December 15, 2024. - On February 28, 2024, Dow sold 66,000 common shares. - In keeping with its long-term share repurchase plan. 8,000 shares were retired on July 1. - Dow's net income for the year ended December 31 . 2024 , was $2,700,000. The income tax rate is 25%. Requlred: Compute Dow's earnings per share for the year ended December 31, 2024. Note: Do not round Intermedlate calculatlons. Except for per share amounts, enter your answers ln thousends (l.e., 10,000 should be entered os 10 ). Round "Earnings per share" onswer to 2 declmal places