Question 7 Valentines Heart Co. reported a net income of $115,000 on December 31, 2020. Valentines Heart Co. declared and paid $20,000 of dividends to its preferred shares during 2020. Valentines Heart Co. had 20,000 common shares outstanding at January 1, 2020. They issued 5,000 common shares on April 1 and another 3,000 common shares on September 1. On December 1, the company did a 3 for 1 stock split. Calculate the earnings per share for Valentines Heart Co. for the year ended 2020