Pharoah Corporation had 2020 net income of $1,436,000. During 2020, Pharoah has not declared or paid any dividend on 113,000 cumulative preferred shares. Pharoah also had 150,000 common shares outstanding during the year. The preferred shares pay an annual dividend of $7 per share. Calculate Pharoah's 2020 earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per share $