On January 1, 2022, Sunland Corporation purchased 4,700 shares of treasury stock. Other information regarding Sunland Corporation is provided as follows. 2021 2022 Net income $94,000 $103,400 Dividends on preferred stock $28,200 $28,200 Dividends on common stock $18,800 $23,500 Weighted-average number of common shares outstanding 47,000 42,300 Common stockholders' equity beginning of year $564,000 $705,000 Common stockholders' equity end of year $705,000 $780,200 (a) Compute earnings per share for each year. (Round answer to 2 decimal places, e.g. 10.50.) 2021 Earnings per share $ 2022