On December 31, 2023, Dow Steel Corporation had 800,000 shares of common stock and 50,000 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 $600,000 and $89,000 to common and preferred shareholders, respectively, on December 15,2024. - On February 28, 2024, Dow sold 75,000 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 $3,100,000. 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 thousands (l.e., 10,000 shoule be entered as 10 ). Round "Earnings per share" answer to 2 declmal ploces