Q3. Hardaway Fixtures' balance sheet at December 31, 2015, included the following: Shares issued and outstanding: Common stock, $1 par Nonconvertible preferred stock, $50 par $ 1,020,000 10,000 On July 21, 2016, Hardaway issued a 25% stock dividend on its common stock. On December 12 it paid $60,000 cash dividends on the preferred stock. Net income for the year ended December 31, 2016, was $4,200,000. Required: Compute Hardaway's earnings per share for the year ended December 31, 2016