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On December 31, 2023, Dow Steel Corporation had 720,000 shares of common stock and 42,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. - Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $520,000 and $81,000 to cornmon and preferred shareholders, respectively, on December 15, 2024 - On February 28,2024, Dow sold 66,000 common shares. - In keeping with its long-term share repurchase plan, 8,000 shares were retired on July 1 - Dow's net income for the year ended Decernber 31, 2024, was $2,700.000. The income tax rate is 25\% Required: Compute Dow's earnings per share for the year ended December 31, 2024. Note: Do not round intermediate calculations. Except for per shore amounts, enter your answers in thousands (i.e., 10,000 should be entered as 10). Round "Earnings per share" answer to 2 decimal places