Oriole Company had 305000 shares of common stock issued and outstanding at December 31, 2024. In 2025, no additional common stock was issued. On January 1, 2025, Oriole issued 407000 shares of nonconvertible preferred stock. During 2025, Oriole declared and paid $182000 cash dividends on the common stock and $147000 on the nonconvertible preferred stock. Net income for the year ended December 31, 2025, was $954000. What is Oriole's 2025 earnings per share?

$2.05

$1.13

$2.65

$3.13