On December 31, 2023, Dow Steel Corporation had 760,000 shares of common stock and 46,000 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 $560,000 and $85,000 to common and preferred shareholders, respectively, on December 15, 2024. - On February 28, 2024, Dow sold 63,000 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 $2,900,000. The income tax rate is 25%. Required: Compute Dow's earnings per share for the year ended December 31, 2024. Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in thousands (i.e., 10,000 should be entered as 10). Round "Earnings per share" answer to 2 decimal places