Please show all calculations. Thank you so much. Reliable Corporation reported $609,053 of net income in the current year. Their year-end is December 31. The corporation had 20,000 of $7, cumulative preferred shares outstanding throughout the year, and the dividend was paid. The following changes in common shares outstanding occurred during the current year: Jan. 1 30,000 common shares were outstanding. Sept. 1 Reliable Corporation purchased and retired 2,000 of their common shares. Nov. 30 The board of directors declared a 5% share dividend for common shares. REQUIRED: Calculate earnings per share on common shares for the current year. (Round your answer to two decimal places.)