Problem 19-11 (Algo) EPS; nonconvertible preferred stock; treasury shares; shares sold: stock dividend (LO19-4, 19-5, 19-6, 19-7] On December 31, 2020, Dow Steel Corporation had 680.000 shares of common stock and 38,000 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 $480,000 and $77.000 to common and preferred shareholders, respectively. on December 15, 2021 On February 28, 2021, Dow sold 54,000 common shares. In keeping with its long-term share repurchase plan, 4,000 shares were retired on July 1. Dow's net income for the year ended December 31, 2021 was $2,500,000. 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.) Answer is complete but not entirely correct. Numerator Denominator Earnings per - 2,423,000I 7 07,000 $ $