Presented below is information related to Peterson Inc. for year of 2023 (1/1/2023-12/31/2023).

Interest expenses	$ 340,000
Income from operations of discontinued food department (pre-tax)	70,000
Net Sales	3,520,000
Dividends-Common stock	56,000
Selling and administrative expenses	813,000
Interest revenues	260,000
Retained earnings, 1/1	630,000
Loss on disposal of discontinued food department (pre-tax)	120,000
Cost of goods sold	1,780,000
Dividends-Preferred stock	125,000

3. Assume that 140,000 shares of common stock were outstanding during the year. Calculate earnings per share based on the net income (round to two decimals). Show your work in addition to the answer.