Please do not answer if you're just going to copy other people's answers. All the chegg answers posted for this questions are wrong.... DO NOT COPY OTHER POSTED ANSWERS!!!

Please do not answer if you're just going to copy other people's answers. All the chegg answers posted for this questions are wrong.... DO NOT COPY OTHER POSTED ANSWERS!!!

Please do not answer if you're just going to copy other people's answers. All the chegg answers posted for this questions are wrong.... DO NOT COPY OTHER POSTED ANSWERS!!!

On December 31, 2020, Dow Steel Corporation had 750,000 shares of common stock and 45,000 shares of 7%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $550,000 and $84,000 to common and preferred shareholders, respectively, on December 15, 2021. On February 28, 2021, Dow sold 60,000 common shares. In keeping with its long-term share repurchase plan, 2,000 shares were retired on July 1. Dow's net income for the year ended December 31, 2021, was $2,850,000. The income tax rate is 25% Required: Compute Dow's earnings per share for the year ended December 31, 2021. (Do not round intermediate calculations. Enter your answers in thousands. Round "Earnings per share" answer to 2 decimal places.) Numerator Denominator Earnings per share 1 1