Pharoah Inc. presented the following data. Net income $ 2,260,000 5,300,000 724.800 Preferred stock: 53,000 shares outstanding, $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 304,800 138,000 Compute earnings per share. (Round answer to 2 decimal places, eg. $2.55.) Earnings per share $