Pharoah Inc. presented the following data. Net income Preferred stock: 48,000 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 $2,610,000 4.800.000 769 200 291,600 156.000 Compute earnings per share. (Round answer to 2 decimal places, eg. $2.55.) Earnings per share $